Usd Coin usdc

USDC usd-coin|c|usdc is a stablecoin equal to the value of a US dollar. A stablecoin is a cryptocurrency whose value is pegged or matched to another fiat currency like the US Dollar. USDC was launched in October 2018. Every unit of USDC is backed by $1 in reserve. The reserve consists of cash and short-term US treasury bonds. USDC is transparent about its reserve backing, unlike Tether USDT

USDC stablecoin is founded by the Centre Consortium. The Centre consortium has two founding partners. One is the peer-to-peer payment services firm Circle, while the other is Coinbase, the Cryptocurrency exchange. Other crypto ventures are open to joining this consortium

The main reasons to invest in USDC include: - Unlike its rival Tether, USDT, which has been involved in repeated investigations, USDC has never been accused of any wrongdoing. - Circle and Coinbase have achieved regulatory compliance. - The high volatility of the crypto markets means cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDC, on the other hand, is protected from these fluctuations. - USDC provides a simple way to transact a U.S. dollar equivalent between different countries via blockchain — without relying on a slow and expensive intermediary, like a bank or a financial services provider