Questions tagged [usdcoin]

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Thu Jan 09 2025 | 6 answers 1676

What is usdcoin (USDC)?

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.

What is usdcoin (USDC)?
benjamin_brown_entrepreneur benjamin_brown_entrepreneur Sun Nov 03 2024 | 5 answers 829

How does USDCoin work?

USDCoin, a stablecoin pegged 1:1 to the US dollar, works as a digital programmable dollar. It enables 24/7 fast transfers for both micro and macro payments, offering the advantages of blockchain services like rapid and secure transactions, while providing stability due to its linkage with fiat currency.

How does USDCoin work?

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