Cryptocurrency Q&A
What is the U.S. dollar token?
What is the U.S. dollar token?
Sara
Sat Nov 09 2024
|
6 answers
1130
I'm curious about the concept of the U.S. dollar token. Could someone explain what it is and how it works in the financial system?
6 answers
Riccardo
Mon Nov 11 2024
USDC functions as a tokenized version of the US dollar, where each coin's value is tethered to the equivalent of one US dollar.
Was this helpful?
77
60
Raffaele
Mon Nov 11 2024
The objective of this arrangement is to ensure that the value of one USDC remains as close as possible to one US dollar.
Was this helpful?
229
83
NavigatorEcho
Mon Nov 11 2024
Stability is a key design principle for USDC, aiming to mitigate the volatility typically associated with cryptocurrencies.
Was this helpful?
268
48
GliderPulse
Mon Nov 11 2024
USD Coin (USDC) represents a digital currency that enjoys full backing from US dollar assets.
Was this helpful?
160
70
EnchantedMoon
Mon Nov 11 2024
By maintaining this stability, USDC serves as a reliable stablecoin in the digital asset market.
Was this helpful?
68
71
Load 5 more related questions
