What is USDC and how does it work on Coinbase?

3 answers

• Dec 17, 2021 · 3 years ago
  USDC, or USD Coin, is a stablecoin that is pegged to the US dollar. It is an ERC-20 token built on the Ethereum blockchain. On Coinbase, USDC can be used as a digital representation of the US dollar, allowing users to easily transfer and store value. It offers the benefits of cryptocurrencies, such as fast and secure transactions, while maintaining a stable value. USDC can be used for various purposes on Coinbase, including trading, sending and receiving payments, and as a hedge against market volatility.
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• Dec 17, 2021 · 3 years ago
  USDC is a type of cryptocurrency called a stablecoin, which means its value is pegged to a stable asset, in this case, the US dollar. It works on Coinbase by providing users with a digital version of the US dollar that can be easily transferred and stored. This allows users to take advantage of the benefits of cryptocurrencies, such as fast transactions and low fees, while also having the stability of a traditional fiat currency. USDC can be used for various purposes on Coinbase, including buying and selling other cryptocurrencies, making payments, and storing value.
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• Dec 17, 2021 · 3 years ago
  USDC is a stablecoin that is widely used in the cryptocurrency industry. It is backed by a reserve of US dollars, which ensures that each USDC token is redeemable for one US dollar. On Coinbase, USDC can be used for trading, sending and receiving payments, and as a stable store of value. It provides users with the convenience of digital currencies while minimizing the volatility often associated with other cryptocurrencies. USDC on Coinbase is audited regularly to ensure transparency and maintain trust among users.
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