USDC

USDC

USD Coin
$1.01
-10.64%
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190
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-12,748,9492018-09-24$1.00POW1
etherscan.io
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
233,274,402Ethashhttps://github.com/centrehqhttps://www.centre.io/usdcTOKEN

USD Coin (USDC) is a fully collateralized US Dollar stablecoin based on the open source fiat stablecoin framework developed by Centre, a consortium founded by Circle and Coinbase. USDC tokens are ERC-20 compatible and can be used with any ERC-20 compatible digital wallet or service. Customers from around the world can tokenize US Dollars into USDC and / or redeem USDC back into US Dollars with Circle (https://usdc.circle.com) and Coinbase (https://www.coinbase.com). USDC is fully collateralized - every unit of USDC is only ever issued after a corresponding US Dollar is deposited in reserve bank accounts. Reserve funds are held with multiple US-based banks. USDC is built on openness and accountability, enshrined in the governance and technology standards effort of Centre.

  • The Latest Rating
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Coin Bureau
4.0

USD Coin (USDC) | Rating: 9/10 | Outlook: Flat

2018-12-13
The USD Coin is a stablecoin that was launched by the Centre consortium which is a partnership between Coinbase and Circle. It was originally developed by Goldman Sachs backed Circle. On the 23 of October, Coinbase announced their support for the coin which gave it a much-needed boost for adoption. The USD Coin will function like all other stablecoins and will try to keep a 1:1 peg to the US dollar. The USDC is entering a market with a great deal of competition from other stablecoins including the Paxos Standard, TrueUSD and the Gemini dollar. Many of these coins are trying to take advantage of the questions that originally surrounded tether (USDT). Technically, the USDC is based on the Ethereum blockchain and is an ERC20 token. This will mean that they will be easy to store and hence transfer across the network. The USDC will be 100% backed by US dollars which will be held in reserve accounts and will be regularly audited and transparent. Circle will issue the USDC and then Coinbase will be the first fiat gateway for the coins. The USDC is now available on over 36 different exchanges and the market cap has been steadily increasing. This means that there is relatively strong liquidity for it across the exchanges. The coin will always be equal to 1 US dollar so it is not volatile yet there is no upside potential either.