USDC Launch by Circle and Coinbase

USDC Launch by Circle and Coinbase

Coinbase users in supported territories can now transact with the stablecoin USDC through Coinbase website or in-app. It will be available in Coinbase Pro in the following weeks

The USD Coin or USDC is the initial stablecoin supported by Coinbase. Being a stablecoin, one of USDC’s characteristic is its 1:1 ratio with the US dollar. Its price will not see-saw relative to the market but instead reflects its reference currency.

USDC is now accessible on Coinbase Wallet. According to Coinbase, sending and receiving USDC becomes easier, even for large transfers.

About USDC

The offchain, USD backed collateral was introduced on 26 September. It is the result of collaborative efforts between Circle and the consortium CENTRE, which Coinbase is a part of. CENTRE developed its open sourced framework. Use cases for the USDC include settlements, remittance, and lending.

USDC is an ERC20 token and can be used with apps compatible with the wide range Ethereum ecosystem. Traders and consumers are not the only ones who can benefit from it. Developers and fintech firms harness the USDC as it is said to be easy to program with.

According to a report, the USDC is similar to Tether, TrueUSD, Saga, Monerium, and AAA Reserve.

Circle is a p2p payments technology firm. It was co-founded by Jeremy Allaire and Sean Neville. Crypto exchange Poloniex was obtained by Circle early this year.

Community Reaction

Jackson Palmer, the founder of Dogecoin (but is no longer involved with it):

Erik Voorhees, CEO of ShapeShift:

Arianne Simpson of Autonomous Partners:

Charlie Shrem, founder of BitcoinFoundation.org

USCoin

USCOIN
Price
24.88 USD 0.00%
0.00315300 BTC 0.00%
Volume, 24h
0 USD
-100.00%
Marketcap
0 USD
0%
Emission

Related news

Ripple XRP Stablecoin, Price Manipulation, Hard Fork Bill, FDIC Bitcoin & Crypto Not A Priority

Support Me On Patreon! https://www.patreon.com/TheModernInvestor ---------------------------------------------------------------------------- Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ----------------------------------------------------------------------------- Buy Bitcoin And Ethereum With Fiat On Binance! https://www.binance.je/?ref=35009618 ----------------------------------------------------------------------------- Open An Account With Binance! https://www.binance.com/?ref=22170588 ------------------------------------------------------------------------------ Bitcoin Donations Address: 1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y Ripple (XRP) Donation Address: rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi Ethereum / KIN / OmiseGo Donation Address: 0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6 -------------------------------------------------------------------------------- Follow Me On Facebook ! https://www.facebook.com/TheModernInvestor https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig Follow Me On Twitter: https://twitter.com/ModernInvest ---------------------------------------------------------------------------------- Very Special Thanks To My Patreon Supporters: Chris Charles Roman Geber David Chosrova Stuart Niven Larry Gooch Tyler Winklevoss NBKrypto Steven Harper Ulf Fatman Josefsson Mohammad Tabbaa Brian Vaci Jeffrey Pete Mozar Cryptocurrency Logic Jonathan Robert Kraus Josh Gorcyca K9 Ytrup Crypto Jedi Truls Lee 3000 O. Tom Chhuong Kaneko Tomonori Sir Thomas11_11 Mike McCarty Crypto And Beer Shipmate ZEN Lunacy ---------------------------------------------------------------------------------- Photo Credit To: https://ripplecoinnews.com/wp-content/uploads/2018/01/ripple-xrp-btc.jpg
The Modern Investor

Coinbase Earn Services Now Available in More than 100 Countries

On May 17, 2019, major cryptocurrency exchange Coinbase announced that it has expanded its Coinbase Earn initiative to more than 100 countries. Towards a More Inclusive Cryptoeconomy The U.S.-based cryptocurrency exchange platform introduced Coinbase Earn in 2018, which allows users to earn digital currencies for answering quizzes, completing simple tasks, and testing new blockchain-powered protocolsRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.