USD Coin (USDC) is a stablecoin that is referencing (pegged to) the US dollar. USDC is classified as a centralized stablecoin, backed by U.S. dollars or dollar-denominated assets like U.S. Treasury securities.
USD Coin (USDC)
USD Coin (USDC) is a stablecoin that is referencing (pegged to) the US dollar. USDC is classified as a centralized stablecoin, backed by U.S. dollars or dollar-denominated assets like U.S. Treasury securities.
The platform aims to democratize blockchain technology with its Generalized Abstraction concept. The first use case is the two-sided advertising marketplace EarnOS, targeting the $1 trillion digital advertising.
As the stablecoin market surges, Circle's USDC emerges as a potential challenger to USDT's dominance, thanks to its growing supply, global adoption, and perceived stability.
The platform aims to democratize blockchain technology with its Generalized Abstraction concept. The first use case is the two-sided advertising marketplace EarnOS, targeting the $1 trillion digital advertising.
As the stablecoin market surges, Circle's USDC emerges as a potential challenger to USDT's dominance, thanks to its growing supply, global adoption, and perceived stability.
Circle has announced that it will discontinue support of its stablecoin on the Tron blockchain to ensure that USDC remains trusted and transparent. But is there something more afoot?
Coinbase has entered a partnership with Yellow Card to promote the exchange and USDC across 20 African countries. Meanwhile, USDC issuer Circle has applied for an IPO in the U.S.
The exchange has announced a new feature to send funds by simply sharing a link in any app, and a simple mode in its app for newcomers to the crypto ecosystem.
The initiative will focus on USDC circulation within the country's regulatory framework, a banking relationship, and the promotion of Circle’s Web3 services.
