$53 562
-5.69%
$4227.54
-6.99%
$0.9249
-5.42%
$0.1431
-8.79%
$0.0941
-4.07%
Published by: 19:53, 23 March 2021

USDC

USDC or USD Coin is a stable cryptocurrency, the exchange rate of which is invariably equal to $1. The initiative to create this coin belongs to the cryptocurrency exchange Coinbase and the financial company Circle, which created a separate legal entity Centre Consortium.

usds cryptocoinexpert

USDC Coin was created in September 2018. Technologically, USD Coin was an ERC20 standard token, which in turn has its strengths and weaknesses. 


The Consortium is responsible for the USDC reserve consisting of stable assets (short-term U.S. Treasury bonds) and fiat assets. The Center interacts with regulators and other supervisory bodies that in theory maintains the stability of USD Coin.

The pluses include the dynamic and technologically advanced Ethereum ecosystem, which made it possible to take advantage of smart contracts and integrations at the start, to launch trading quickly and without tangible costs for the development of its blockchain. The disadvantages of this solution include high transaction costs and low transaction speeds during peak times on the Ethereum blockchain network.

The founders of USD Coin fixed these problems by updating the smart contract and protocol of the coin in 2020, now many of the previously existing problems have been solved.

USD Coin's popularity is due to the Coinbase exchange, which has a large ecosystem of users and a dynamic business model. The coin fits well into the established structure of the cryptocurrency exchange. 

Stablecoin USDC is used in decentralized finance (DeFi), freely traded on major crypto-exchanges and decentralized exchanges.

USDC. Price now


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