Cryptocurrency Q&A
What is USDC in Coinbase?
What is USDC in Coinbase?
GwanghwamunGuardianAngel
Tue Dec 03 2024
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6 answers
1511
USDC in Coinbase refers to USD Coin, a stablecoin pegged to the US dollar. It is jointly created by Coinbase and Circle, aiming to provide a method to hold, trade, and settle the value of US dollars in the encrypted world. Each USDC is backed by one US dollar held in reserve, ensuring its stability and making it widely accepted globally.
6 answers
NebulaSoul
Thu Dec 05 2024
Additionally, there are no chargebacks, which means that once a payment is made, it cannot be reversed. This provides merchants with full control over their funds.
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MysticMoon
Thu Dec 05 2024
It is backed by the US dollar, ensuring that its value remains relatively constant compared to other cryptocurrencies.
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BonsaiStrength
Thu Dec 05 2024
The stablecoin is brought to you by Circle and Coinbase, two reputable companies in the cryptocurrency industry.
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DondaejiDelightfulCharm
Thu Dec 05 2024
Merchants who accept USD Coin can enjoy many of the benefits associated with accepting cryptocurrency.
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Giuseppe
Thu Dec 05 2024
One of the primary advantages is the absence of transaction fees, which can be a significant cost savings for businesses.
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