USD Coin (USDC) - a stablecoin, pegged to the US dollar on a one-to-one basis. The stablecoin appeared on a limited basis in September 2018. USD Coin - "digital money for the digital age", meant for a world where cashless transactions are becoming more common. Contents:
About the USD Coin (USDC) project
The USD Coin project consists of two founding members. One of the founders - the mutual payment services company Circle, and the other - the cryptocurrency exchange Coinbase.
Development of the coin defi company:
| 1 | In 2020, Circle and Coinbase collectively announced a major upgrade to the USDC protocol and smart contract. |
| 2 | Circle and Coinbase also achieved regulatory compliance, which helped to bring the coin to the international market. Both projects are well funded, which gives the stablecoin certainty. |
The goal of these improvements - to make it easier to use the US dollar coin for everyday payments, commerce and peer-to-peer transactions.
The uniqueness of the coin
The company's goal - to create an ecosystem, where USDC is accepted by as many wallets, exchanges, service providers and applications as possible. All USDC in circulation - ERC-20 tokens, found on the Ethereum blockchain. Also, transparency and giving users confidence that they can withdraw 1 USDC and receive 1 USD in return without any problems. Moreover, the amount of USDC that can exist is limitless. New coins are created, according to demand whenever someone wants to purchase them.
Where can I buy a USDC coin?
As you might expect, one of the most popular exchanges that offer USDC - Coinbase, given how the exchange was involved in the creation of this stablecoin. You can buy and trade USD Coins on:
- Poloniex;
- Binance;
- OKEx;
- Bitfinex.
Moreover, you can purchase coins on decentralized exchanges like Uniswap. People usually buy USDC with bitcoin.