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✅ What is USD Coin USDC and what are the advantages of using this cryptocurrency? 💥【FREE!!!】
- 2021/11/18
- 再生時間： 8 分
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あらすじ・解説
What is USD Coin USDC and what are the advantages of using this cryptocurrency? Currency USD coin USDC is a cryptocurrency presented in real dollars, but digitally . In the world of crypto assets and decentralized finance, this currency belongs to the permanent currencies also called Stablecoins, a type of currency that depends on fiat money and its exchange rate. Today, many people are used to using Tether because the dollar is stuck in its price, which simplifies transactions with real funds and helps to monitor the performance of cryptocurrency assets. However, as a result of a series of negative factors and the weak rebound of its creators, traders and investors began to look for other forms of investment. The USDC coin proved to be one of the best in terms of popularity. Studied from a technical point of view, it does not have any special characteristics. There are interesting facts about the creators or lists themselves, but there is nothing notably new about it. According to analysts, it has its advantages and disadvantages. What is USD Coin USDC? USD Coin (USDC) is a type of cryptocurrency that is also called “Stablecoin” or stable price. So called because each USDC is backed by one US dollar, reserved in a bank account . That is, it is always possible to exchange 1 USDC for US $ 1.00, which gives you a stable price. The USD is a token Coin ethereum , so it can be stored on a compatible digital wallet this wallet coin as Coinbase . USDC is a digital currency pegged to a fiat currency - the US dollar. It was launched on the market in September 2018 and developed by the Center Consortium, made up of Coinbase and Circle Internet Financial . Although it is the latter that is issued by the USDC, while Coinbase is the platform that users access to make deposits, convert Fiat currency into USDC tokens and facilitate USDC transactions. In addition, it provides the ability to switch from Fiat to cryptocurrencies. What is the relationship between USD Coin USDC and Ethereum? The USD Coin USDC, as we have already commented, is a Stablecoin or stable currency . And stablecoins are Ethereum tokens designed to hold a fixed value, even when the value of ETH changes. This coin has been created on the Ethereum blockchain and is ERC-20 compliant in order to support fast USDC transfers on the Ethereum network. It also uses the security of the Ethereum blockchain and makes it easy to store and exchange USDC. In addition, one of the reasons why the USD Coin has been developed with the technology chain blocks ethereum is its status as the contracts intelligent platform market leader and high support among developers. On the other hand, since USDC is an ERC-20 token, two Ethereum wallets could send or receive any amount of USD Coins at any time of the day or night and anywhere in the world almost immediately. How does USD Coin USDC work? The operation of the USD coin USDC is based on the 1: 1 exchange with the US dollar . That is, 1 USDC equals 1 USD. In order to use the USDC, you must create an account in "Circle ", validate the identity and associate a bank account. The platform will allow users to perform four basic operations: Tokenize the US dollar. Use USDC to withdraw cash. Transfer USDC to an ERC-20 compliant Ethereum address. Deposit USDC from an external Ethereum wallet address. Buying USDC on the secondary market is as easy as buying any other cryptocurrency - it can be bought on any regulated exchange. USDC is an ERC-20 token and can be used with any application that supports the standard. Circle USDC does not charge users any fees for tokenization and use of the service. But, it does charge a $ 50 fee for fake and declined wire transfers. All standard fees apply for USDC transactions on Coinbase. What future do you have in the cryptocurrency market? USD coin USDC has quickly become the world's largest stablecoin ecosystem . With a market capitalization that already exceeds more than 25 billion dollars. Hundreds of...