Cryptocurrency Q&A
What is usdcoin (USDC)?
What is usdcoin (USDC)?
Thu Jan 09 2025
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6 answers
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USD Coin (USDC) is a stablecoin pegged to the US dollar. It is issued by the CENTRE consortium, a joint venture between Circle and Coinbase. Each USDC is backed by one US dollar held in reserve, ensuring its stability. USDC provides a transparent and regulatory-compliant way to use digital dollars for global transactions.
6 answers
Sat Jan 11 2025
As of July 30, 2022, the price of USDCoin stands at $0.95, slightly deviating from its intended $1 USD value.
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Sat Jan 11 2025
USDCoin (USDC) represents a unique type of cryptocurrency known as a stablecoin.
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Sat Jan 11 2025
Its value is specifically pegged to the U.S. dollar, aiming to provide stability to investors.
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Fri Jan 10 2025
Unlike traditional currencies, USDCoin's value does not fluctuate based on market supply and demand alone.
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Fri Jan 10 2025
Instead, it derives its worth from an external reference, which in this case, is the U.S. dollar.
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