Cryptocurrency Q&A
Is USDC on Ethereum chain?
Is USDC on Ethereum chain?
BitcoinWizardry
Sun May 12 2024
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7 answers
1422
Excuse me, could you clarify something for me? I've been hearing a lot about USDC recently and I'm trying to understand its technical aspects. Specifically, I'm wondering if USDC, the stablecoin, operates on the Ethereum chain? I've seen some discussions about it being ERC-20 compliant, but I'm not entirely sure what that means in practical terms. Could you explain if USDC indeed resides on the Ethereum blockchain and how that affects its functionality and interactions with other Ethereum-based projects? Your insights would be greatly appreciated.
7 answers
Caterina
Tue May 14 2024
Operating as an ERC-20 token.
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AzurePulseStar
Tue May 14 2024
ERC-20 is a technical standard for Ethereum-based tokens.
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Tommaso
Tue May 14 2024
This standard ensures compatibility and interoperability.
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SakuraSpirit
Tue May 14 2024
USDC is a stablecoin.
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Margherita
Tue May 14 2024
BTCC is a leading UK-based cryptocurrency exchange.
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