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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.
7 Aug 2025 2 minute read 3 comments Johnbull Myson
It’s one of those things you probably assume won’t happen to you, until it does. You’re careful. You avoid shady platforms.You don’t click random links. You’ve never touched stolen funds. But suddenly, you try to move your crypto and the transaction...
7 Aug 2025 1 minute read 0 comments Cryptodd
Every dollar counts — especially in Web3. If you’re earning in USDC on Optimism or other L2 networks, you’ve likely asked yourself: "What’s the most efficient wallet to keep my USDC in... without watching it disappear in fees?" It's a real problem —...
4 Aug 2025 1 minute read 2 comments Kenzoo
Stablecoins such as USDC and USDT are a crucial part of the crypto ecosystem. Both of them are used extensively in trading, DeFi protocols, and cross-chain transfers. But when it comes to long-term security and reliability, most market players—instit...
3 Aug 2025 1 minute read 1 comment Myxoplixx
Crypto is quietly weaving itself into everyday life, not through wild trading charts or speculation, but through something far more practical: payments. What’s happening behind the scenes in 2025 is a powerful shift, and major players are driving it....
31 Jul 2025 2 minute read 1 comment Perfectionist25
Stablecoins, simply defined as cryptocurrencies pegged to a fiat currency, usually the US dollar, are one of the fastest-growing areas of the crypto ecosystem. They are considered a "safe haven" by investors due to their price stability. The fundamen...
30 Jul 2025 3 minute read 2 comments Myxoplixx
The world of decentralized finance (DeFi) is undergoing a profound transformation, fueled by innovative yield models and the integration of real-world assets (RWAs) into tokenized ecosystems. This shift reflects an evolving understanding among market...
29 Jul 2025 1 minute read 2 comments gduran
I actually did not read the email about this change until a few minutes ago, so due to the fact I did nothing I will lose about a dollar. Yes, a dollar. You see I hardly use Publish0x lately, not that I don't like the platform it is just that I forge...
28 Jul 2025 1 minute read 0 comments Johnbull Myson
Bruh, Are we still arguing the future of stablecoins? USDT and USDC are no longer just trading tools, they’re quietly replacing traditional savings accounts. From Africa to Latin America to parts of the Middle East, unstable local currencies have pus...
28 Jul 2025 1 minute read 0 comments Myxoplixx
In the past day, about $170 million worth of USDC stablecoins were burned, meaning they were taken out of circulation as users redeemed them for cash. This is a normal part of how stablecoins maintain their $1 value, for example, when big holders dec...
27 Jul 2025 2 minute read 0 comments Myxoplixx
The crypto market has mostly focused on the trading volume and market share of major stablecoins like USDT and USDC, but USDe is quietly setting a new standard that goes beyond just numbers. What makes USDe different is that it places 72% of its rese...
