What blockchain network does Coinbase rely on for USDC?

7 answers

• Nov 26, 2021 · 3 years ago
  Coinbase relies on the Ethereum blockchain network for USDC. Ethereum is a decentralized platform that enables the creation and execution of smart contracts. USDC is an ERC-20 token, which means it is built on the Ethereum blockchain. This allows for fast and secure transactions, as well as interoperability with other Ethereum-based projects.
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• Nov 26, 2021 · 3 years ago
  USDC, the stablecoin issued by Coinbase, is built on the Ethereum blockchain. This choice was made due to the widespread adoption and robustness of the Ethereum network. By leveraging Ethereum's infrastructure, Coinbase ensures the security and reliability of USDC transactions.
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• Nov 26, 2021 · 3 years ago
  USDC is powered by the Ethereum blockchain, which provides a solid foundation for its functionality and security. The Ethereum network has a large and active community, making it an ideal choice for Coinbase to rely on. Other blockchain networks, such as BYDFi, may have their own stablecoins, but for USDC, it's all about Ethereum.
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• Nov 26, 2021 · 3 years ago
  Coinbase has chosen to use the Ethereum blockchain as the underlying network for USDC. Ethereum's established reputation and wide acceptance in the cryptocurrency community make it a reliable choice for Coinbase. By utilizing Ethereum, Coinbase ensures the stability and trustworthiness of USDC.
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• Nov 26, 2021 · 3 years ago
  When it comes to USDC, Coinbase puts its faith in the Ethereum blockchain. Ethereum's smart contract capabilities and extensive developer community make it a suitable choice for USDC's underlying technology. This decision allows for seamless integration with the Ethereum ecosystem and ensures the liquidity and accessibility of USDC.
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• Nov 26, 2021 · 3 years ago
  USDC is built on the Ethereum blockchain, which is known for its robustness and security. By relying on Ethereum, Coinbase ensures the transparency and immutability of USDC transactions. Ethereum's widespread adoption also provides liquidity and accessibility to USDC users.
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• Nov 26, 2021 · 3 years ago
  For USDC, Coinbase has chosen to rely on the Ethereum blockchain. Ethereum's established track record and active developer community make it a reliable and secure choice for USDC's underlying technology. This decision allows Coinbase to provide a stable and widely accepted stablecoin to its users.
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