USD Coin (USDC)
- Category: Polygon Ecosystem
- Coin Launched: September, 2018
- Resources: White Paper
- Official Website: USD Coin
- Reddit: USD Coin
About USD Coin
USDC is a fully collateralized US dollar stable coin. USDC is the bridge between dollars and trading on cryptocurrency exchanges.
The technology behind CENTRE makes it possible to exchange value between people, businesses and financial institutions just like email between mail services and texts between SMS providers.
USD COIN History / Information / Buying / Staking
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USD COIN HISTORY
Launched in October 2018, USD Coin (USDC) is a fiat-collateralized stablecoin by the CENTRE consortium, a partnership between Circle and Coinbase created to develop price-stable crypto assets and network protocols.
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HOW USD COIN WORKS
USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. Besides, USDC tokens can be changed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract. Bringing US dollars on the blockchain allows moving them anywhere in the world within minutes, and brings much-needed stability to cryptocurrencies. Also, it opens up new opportunities for trading, lending, risk-hedging and more.
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BENEFITS OF USING USD COIN
Some of the benefits of using USD COIN are:
STABILITY
COMPATABILITY WITH DAPPS
ALTERNATIVE TO TETHER
TRANSPARENCY AND SECURITY
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CAN YOU STAKE USD COIN
You can stake USDCOIN on some of the bigger exchanges and Earn USDCOIN.
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