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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.
29 Dec 2019 4 minute read 2 comments TrevorBalthrop $0.12
Why hello there! USD Coin Almost out of nowhere like living in a cave hibernating. New coins have emerged within the last year or so. Many of them come in the form of stablecoins! Except there is something strange happening behind the scenes that i...
7 Dec 2019 2 minute read 1 comment Roberto D. $0.20
USDC, the stablecoin developed by Circle in collaboration with Coinbase. Officially launched in October 2017 by the CENTER consortium (which includes its own circle and coinbase), this currency has quickly become central to the growth of the well-kno...
26 Nov 2019 3 minute read 4 comments The Part Time Economist $2.61
In response to one of my recent articles, a reader asked for a more in-depth explanation of what stablecoins are and how they work. As I thought about this question, I realized that sometimes it is good go get back to basics and that many people may...
4 Oct 2019 1 minute read 2 comments BitMarian $0.32
Introduction Some exchange offer the possibility of keeping cryptocurrencies in their wallet or to obtain interest. It is a very useful option if we want to take a break from trading or if the market goes wrong, because the interests will be recei...
3 Oct 2019 1 minute read 0 comments Cryptos.com $0.09
According to an official blog post by Coinbase on October 2nd, all US citizen, USD Coin (USDC) holders will receive a 1.25% APY reward. This incentive was launched to encourage users to hold their cryptocurrency. USDC is a stable coin that is backed...
28 Sep 2019 1 minute read 0 comments Cryptos.com $0.34
What is USDC? Created by Coinbase and Circle, USD Coin is a lot like Tether (USDT) as it’s referred to as a stablecoin. That means it is pegged to the US dollar, which is held in a bank account, and is always worth at least $1 when you swap it. USDC...
5 Sep 2019 1 minute read 2 comments beachbummer $0.16
USDT (USD Tether) has been appearing in the news a lot in the recent months, and most of the news has been negative. A lot of doubt has been cast on whether the USDT is fully backed by USDs. Tether, the organisation managing USDT has fudged their sta...
18 Aug 2019 1 minute read 0 comments beachbummer $0.06
We are living in uncertain times caused by various events happening around the world. Protests by a third of a country's populace, hyperinflation, imposition of tariffs for global trade are just some of the recent events. Cryptocurrencies have been s...
25 Sep 2026 2 minute read 0 comments rah $0.12
I may have missed the post or notification, but I think it was about three weeks ago when I came across an extra freebie from our wonderful Publish0x. I know that sound sycophantic, but over the years I literally have ZERO reasons to complain. I did...
23 Sep 2026 3 minute read 3 comments Piasic $0.00
Core Question Lending USDC is an "easy" way to earn passive yield. Or is it? What is USDC lending? Lending USDC means that you put your USDC in a pool where investors looking to collateralize or leverage their positions borrow your USDC. They put u...
