What is USD Coin?
Developed by Circle Internet Financial, the USD coin (USDC) is a stable coin pegged to the US Dollar. 1 USDC is always equal to 1 US dollar. USDC is produced by The Centre Consortium. It was released in 2018. It operates on multiple chains, including Ethereum and Solana. The USDC tokens are issued via the ERC-20 smart contract.
What Does USD Coin Offer to Users?
Unlike the fluctuation in other crypto exchanges, USD coin offers an alternative to users in this era where the acceptance of payment with digital assets is widespread all over the world.
Is There USD Coin Mining?
Unfortunately, USD Coin is not a coin that can be mined like other cryptocurrencies.
Who Founded USD Coin?
Developed by Circle Internet Financial and supported by Coinbase.
How Does USD Coin Work?
It is said that the Ethereum-based currency, USD Coin, will not experience any vulnerabilities like other cryptocurrencies. In addition, USD Coin is a cryptocurrency that encourages those who are not interested in the stock market, even those who do not like to take risks, to buy digital assets, with its low cost and high speed of money exchange in any payment worldwide.
Questions Answered by the Blog:
- What is USD Coin?
- What Does USD Coin Offer to Users?
- Is There USD Coin Mining?
- Who Founded USD Coin?
- How Does USD Coin Work?