USD Coin - USD Coin price, USDC live marketcap, Chart, & Information

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What is the USD Coin?

The USD Coin (USDC) is a type of crypto currency described as “price stable.”
It is always possible to exchange 1 USD Coin for US $ 1.00, which gives you a stable price.
On Coin base, eligible customers can earn rewards for every USD Coin they own.

Customers with a bank account in US dollars can always exchange 1 USDC for US $ 1.00, which means that its price is stable.

The USD Coin is an Ethereum token so that digital currency can store in a compatible wallet, such as the Coinbase wallet.

The USD Coin is designed for dollars to move globally from your cryptocurrency wallet to other conversions, businesses, and people.

Step 1: Create or log in to a Coinbase account

Step 2: Convert your funds to USDC, at a value of US $ 1.00 for 1 USDC without commissions

The, Step 3: Send USDC to other destinations or convert back to dollars from Coinbase.

Stablecoins or stable coins are nothing new in the crypto world.
The arrival of Tether (USDT) marked a before and after in this sense, allowing fast transactions between those who use cryptocurrencies.
Such as Bitcoin or Ethereum and want to make quick changes to a “less volatile” currency on exchanges.
However, Tether had severe problems on his shoulders.
In principle, it was slow, expensive to mobilize, and unsuitable for the future of decentralized exchanges.
As it ran on top of OmniLayer and Bitcoin (although a version of USDT on Ethereum has existed since September 2017).
Additionally, USDT has transparency policies that many people see as unacceptable.
Especially regarding audits that verify that Tether effectively has in its possession the expected 1: 1 backing for each USDT token issued.

On the other hand, the issuance of Tether tokens is only to companies or private parties.
It meets the acquisition requirements and only in amounts more significant than USD 100,000.
These weaknesses led various industry giants to find a way to cope and take the emerging market that followed from their hands.
It is how Coinbase and Circle joining their efforts and creating Center, a company that can be in charge of managing USDC.
Thus, USDC can be a new stable coin anchors 1: 1 with the dollar, an ERC-20 token working on Ethereum (ETH).
Although Ethereum is not significantly faster than Bitcoin, its scalability and the way its commissions are managing making this new stable coin much more agile and economical.
Not only that, because USDC was an ERC-20 token, it can easily integrates into DApps and DEX that creates on Ethereum, something that USDT can not do at the time.
It is completed the birth of USDC on September 26, 2018.
At which time, it creates the USDC smart contract, and its circulation in the crypto space begin.
Additionally, USDC from the beginning guaranteed broad development access around this cryptocurrency, which we can see on this GitHub.

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