Cryptocurrency Q&A
Who created USDC?
Who created USDC?
charlotte_wright_coder
Wed Nov 06 2024
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5 answers
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USDC was created by Centre, a consortium founded by Circle and Coinbase. It's a stablecoin pegged to the US dollar, aiming to provide stability in the cryptocurrency market. Circle, a fintech company focused on digital currency infrastructure, partnered with Coinbase, a leading crypto exchange, to issue and manage USDC.
5 answers
CrystalPulse
Fri Nov 08 2024
USD Coin (USDC) is a stablecoin that has been introduced by CENTRE.
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Sara
Fri Nov 08 2024
CENTRE is a joint venture that has been established through a collaboration between Coinbase and Circle.
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CharmedWhisper
Fri Nov 08 2024
The main purpose of CENTRE is to issue stablecoins that are backed by real-world assets.
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GeishaMelody
Thu Nov 07 2024
In the case of USDC, the stablecoin is backed by U.S. dollar-denominated assets.
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BonsaiLife
Thu Nov 07 2024
These assets are held at regulated and audited U.S. financial institutions, ensuring the stability and security of the coin.
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