Usdc
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USD Coin
#Usdc
USD Coin (USDC) is a stablecoin, which is a type of cryptocurrency designed to maintain a stable value by being pegged to a fiat currency. In the case of USDC, its value is tied to the U.S. dollar at a 1:1 ratio, meaning 1 USDC is intended to be worth 1 USD.
#USDC✅
Here are some key details about USDC:
Pegged to the U.S. Dollar: Each USDC is backed by a reserve of U.S. dollars or equivalent assets, which are held by regulated financial institutions.
Developed by Circle and Coinbase: USDC is a product of the CENTRE Consortium, which was co-founded by Circle and Coinbase.
Use Cases: It is used for trading, decentralized finance (DeFi) applications, cross-border payments, and as a hedge against volatility in other cryptocurrencies.
Transparency: Circle regularly publishes reports from third-party auditing firms to verify that the supply of USDC matches its reserves.
Blockchain Compatibility: USDC is issued on multiple blockchains, including Ethereum, Solana, Algorand, and more, making it highly versatile in the crypto ecosystem.
USDC offers the benefits of digital currency (speed and efficiency) while aiming to avoid the volatility associated with other cryptocurrencies.
$USDC
USD Coin (USDC) is a stablecoin, which is a type of cryptocurrency designed to maintain a stable value by being pegged to a fiat currency. In the case of USDC, its value is tied to the U.S. dollar at a 1:1 ratio, meaning 1 USDC is intended to be worth 1 USD.
#USDC✅
Here are some key details about USDC:
Pegged to the U.S. Dollar: Each USDC is backed by a reserve of U.S. dollars or equivalent assets, which are held by regulated financial institutions.
Developed by Circle and Coinbase: USDC is a product of the CENTRE Consortium, which was co-founded by Circle and Coinbase.
Use Cases: It is used for trading, decentralized finance (DeFi) applications, cross-border payments, and as a hedge against volatility in other cryptocurrencies.
Transparency: Circle regularly publishes reports from third-party auditing firms to verify that the supply of USDC matches its reserves.
Blockchain Compatibility: USDC is issued on multiple blockchains, including Ethereum, Solana, Algorand, and more, making it highly versatile in the crypto ecosystem.
USDC offers the benefits of digital currency (speed and efficiency) while aiming to avoid the volatility associated with other cryptocurrencies.
$USDC
The volume of all stable coins is now $50.42Bn, which is 0.89% of the total cryptocurrency market’s 24-hour volume.
#Binance #Stablecoins #USDT #BearorBull #Usdc
#Binance #Stablecoins #USDT #BearorBull #Usdc
🚨 USDC Depegs due to exposure to Silver Valley Bank !
Tether and Paxos already claimed that they don't have any exposure to SVB, though busd also Depegs. While tether is at premium as most of people converting usdc to usdt.
#svb #Usdc #USDT #cryptomarket
Tether and Paxos already claimed that they don't have any exposure to SVB, though busd also Depegs. While tether is at premium as most of people converting usdc to usdt.
#svb #Usdc #USDT #cryptomarket
Interesting Fact: the data shows that the current total market value of USD stablecoins is USD 138.5 billion, with USDT accounting for 49.39%, USDC accounting for 29.76%, and BUSD accounting for 11.63%. new highs.. #crypto2023 #Stablecoins #Usdc #USDT #BUSD
A/c to the monitoring of Twitter user Ember, nearly 73.92 m USDC of a giant whale address was traded for 63.84 million USDT and 2755 Eth, which resulted in a loss of 6.14 million US dollars. At present, the address still holds 45 million USDC. #Usdc #Stablecoins #keepbuilding
Today $BOME 🚀 is rising again.This surge is due to tweet form the vice president of Sotheby's say that future auction will support #BTC #ETH #Usdc and #BOME although he soon deleted the tweet ,but we all know that this product has been bought by $BOME and this marketing has been considered successful. To know whether a meme can become mainstream , it really depends on marketing . The rise of $DOGE back then was because it could be used to reward people on Reddit. Then musk continued to support , the Sotheby's was originally a master of memes and NFTs. Second the founder of #BOME revealed that Bome Will soon be able to use Bome for payment . This will be the destruction plans for the future . ✅
