Cryptocurrency Q&A What is USDC in Coinbase?

What is USDC in Coinbase?

GwanghwamunGuardianAngel Tue Dec 03 2024 | 6 answers 1511

USDC in Coinbase refers to USD Coin, a stablecoin pegged to the US dollar. It is jointly created by Coinbase and Circle, aiming to provide a method to hold, trade, and settle the value of US dollars in the encrypted world. Each USDC is backed by one US dollar held in reserve, ensuring its stability and making it widely accepted globally. What is USDC in Coinbase?

What is USDC in Coinbase?

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