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USD Coin (USDC) is a stablecoin released by popular exchange Coinbase in collaboration with payments company Circle in 2018. Backed by the US Dollar on a 1:1 ratio, the token is an ERC-20 token that can be purchased on Coinbase’s platform. Coinbase has said that it chose the Ethereum protocol because of its smart contract capabilities and strong developer support. 

Like other stablecoins, it is intended to help traders overcome the volatility of the market. Coinbase has said that it is part of its mission is to “build an open financial system for the world”, and it does indeed allow anyone from across the world to purchase the stablecoin and use it for trading and various services.

Stablecoins often receive scrutiny relating to whether or not the issuing entity has enough reserves to back every token up, but Coinbase assures users that the holding accounts are closely monitored and audited. USD Coin is an example of a fiat-backed stablecoin, which is often what receives the greatest scrutiny. 

Having one very specific purpose, there is not much in the way of development news for USD Coin. Coinbase is however working on making it more widely available, including on more exchanges and services.

Texas Making Blockchain History as it Continues to Accelerate Blockchain and Crypto Adoption

26 Apr 2022 4 minute read 0 comments Cje95

Over the last year or so Texas has made huge moves in the Bitcoin and broader tech world with its business-friendly environment, no state income tax, and encouragement of crypto mining. More often than not when a state or city is making waves with cr...

What Are Stablecoins? Are Stablecoins a Good Investment?

22 Apr 2022 6 minute read 5 comments StealthEX

What are Stablecoins? Stablecoins are digital assets that are hard-pegged to a more common asset, such as fiat currencies or gold. Their key feature is relative stability. It is possible to conduct predictable calculations in them. Read more about st...

How to buy USDC: Guide for Beginners

18 Apr 2022 3 minute read 0 comments

USD Coin is a stablecoin that was launched on the Ethereum blockchain in September 2018. The project was developed by the world’s leading companies Circle and Coinbase. To date, USDC is among the top 5 most capitalized cryptocurrencies. We invite you...

Sharing is Caring: Deposit Delegation on PoolTogether

15 Apr 2022 5 minute read 2 comments Thumbs Up Finance

Hey friends 👋 The first DeFi protocol I ever got excited about was PoolTogether. I immediately fell in love with this idea of prize-linked savings. Back then it was commonly referred to as a no-loss lottery since anyone can deposit money and get a c...

Celsius Wallet Beta Testing - Internal Swaps

11 Apr 2022 2 minute read 12 comments PVMihalache

I am using Celsius Network for nearly two years, and is the place where I am holding my long term investments in crypto. Getting weekly interest is the best way to grow your bag. Yes... is not centralized and I am aware of the risk... but what is 100...

Ethereum-Bitcoin Flippening: Is It Possible in 3 Years?

9 Apr 2022 1 minute read 9 comments Allen Taylor

Ethereum’s gas fees were up 13 percent in March as new ERC-20 token generation surged 125 percent above February’s. Galaxy Digital Trading says ETH could flip BTC within three years. Now let’s all hold our breath. Tesla, Block, and Blockstream are te...

Stake JOE and get paid in USDC

22 Mar 2022 1 minute read 0 comments Suerte Panda

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!) As the bear/crab market rages on it’s not a bad idea to stack some major coins like Bitcoin, Ethereum or stablecoins. Today I go over a protoco...

MyCrypto Wallet and MetaMask to Merge Through ConsenSys Acquisition

2 Feb 2022 2 minute read 1 comment Allen Taylor

Bitcoin is off to its worst calendar year start in eight years. ConsenSys acquires MyCrypto wallet, plans to merge it with MetaMask. Good news for everyone who’s tired of looking at Tether: USDC is closing the gap on the leading stablecoin and now co...

I'd Like to Make Some Requests on the Request Network

31 Jan 2022 1 minute read 0 comments Great White Snark

Flip a chip, but trying to get PayPal to pay out the money that's being held in reserve is far more difficult than it should be if you set up a business account! (There's way too much red tape in which to get tangled, what with invoices, shipping, re...

Stablecoins, The CBDC and You and Me (See- It Rhymes!)

25 Jan 2022 4 minute read 0 comments BitcoinGordon

Central Bank Digital Currency (CBDC) "The Fed published a report on CBDCs that examines the pros and cons of a potential US CBDC. While the report emphasizes that such an implementation is wholly up to Congress, it invites further discussion in the...