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.
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.