In this article, we will discuss the topic of cryptocurrency, which has won the hearts of millions of its owners.
We will tell about its creation, its advantages and for what characteristics you should pay attention to it.
One of the most exciting developments in the world of cryptocurrency is the emergence of stable coins.
Stable coins are cryptocurrencies that have been designed to stay stable in value over time, making them ideal for use as a medium of exchange and store of value.
The first example was Tether (USDT), which has been around since 2014 but has recently fallen from favour due to concerns about its management and transparency issues.
USD Coin (USDC) was launched in 2018.
USDC is a product of CENTRE, which is an open-source framework for enabling fiat-pegged cryptocurrencies on multiple blockchains.
CENTRE will serve as an independent organization with members including Coinbase and Circle that oversee USDC's technical development, governance and issuance policies.
The USD Coin was created to help solve some of the problems associated with other cryptocurrencies like Bitcoin or Ethereum: namely volatility and scalability issues.
How does USDC coin work?
You can think of it as a digital version of the U.S. dollar that lives on the internet.
Like any other cryptocurrency or blockchain-based system, this means that anyone can hold and use USDC coins without having to go through a bank or other third-party financial institution like PayPal or Venmo (though some companies may choose to integrate USDC into their apps).
Because they're based on ERC-20 technology--the same standard used by most cryptocurrencies like Bitcoin and Litecoin--USDCs are stored in wallets just like any other cryptocurrency: MyEtherWallet, MetaMask and Trust Wallet all support them.
USD coin is not a new currency, but a tradable asset that can be held in wallets for use as a medium of exchange or for other purposes.
Who Are the Founders of USD Coin?
The Centre Consortium has two founding members.
Besides Coinbase there is possible to trade USDC between native Binance token BNB.
Correlation USDC to BNB is also available to check on tradingview.
USD Coin was founded in 2019 by two blockchain companies, Coinbase and Circle.
Both of these companies are known for their cryptocurrency exchanges, but they have also been working on developing other types of blockchain technology.
Circle was one of the first companies to launch a stablecoin that could be used as a substitute for fiat currencies like USD or EURO (the Euro).
The company did this through their own blockchain platform called CENTRE Network, which allows users to send money across borders quickly and cheaply without having any volatility issues associated with traditional cryptocurrencies like Bitcoin or Ethereum
What Makes USD Coin (USDC) Unique?
If your goal is to make money off of cryptocurrency investments without worrying about market fluctuations or regulatory issues, this can be accomplished by purchasing USDC directly from Circle using fiat currency via their website or mobile app.
Once purchased using either method above--and stored safely offline where hackers can't get them--you'll receive interest payments at an annual rate of 2% per year based on how much USDC is held by each user/investor; these payouts are calculated daily based on total available supply times average daily volume across exchanges where they're traded against Bitcoin (BTC) prices across those same exchanges' 24-hour trading periods before being distributed among all holders proportionally based upon how much each individual user owns.
USDC provides users with full control over their funds because they don't rely on any third party to hold their funds or perform transactions; instead, USDC uses blockchain technology and smart contracts to store US dollar balances on the Ethereum network.
If You Want To Learn About USDC, Take A Look At This Article
USDC is an ERC-20 token that allows people to trade real dollars for crypto tokens.
USD Coin is not a new currency but a tradable asset that can be held in wallets for use as a medium of exchange or for other purposes.
Any correlations, for example, swap BNB to ETH allows for avoiding double fee because it is not needed to transfer into fiat currency.
The creators behind USD Coin (USDC) believe that it has many advantages over other cryptocurrencies such as Bitcoin and Ethereum because they believe it will have better liquidity and utility than those currencies while still maintaining its value against fiat currencies such as USD or Euros.
USDC is a new way for people to exchange dollars for cryptocurrencies.
It's built on the Ethereum blockchain, which means that every USD coin is an Ethereum token.
Users can buy USDC on exchanges like Coinbase and Binance, but there are also other ways to get them if you don't want to use one of those platforms.