Cryptocurrency Q&A
What does USDC stand for?
What does USDC stand for?
ethan_thompson_psychologist
Thu Nov 14 2024
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5 answers
1175
I've encountered the term USDC recently and I'm curious to know what it stands for. I've heard it in the context of cryptocurrencies but I'm not sure of its full meaning.
5 answers
SakuraSpirit
Sat Nov 16 2024
USD Coin (USDC) represents a type of cryptocurrency stablecoin that maintains a fixed value relative to the United States dollar.
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Stefano
Fri Nov 15 2024
This digital asset is managed by Circle, a reputable organization in the cryptocurrency industry. The issuance of USDC is handled by a private entity, which sets it apart from central bank digital currencies (CBDCs).
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Giulia
Fri Nov 15 2024
The primary purpose of USD Coin is to provide a stable and reliable alternative to other volatile cryptocurrencies. By being pegged to the US dollar, USDC offers users a sense of financial security and stability.
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OceanSoul
Fri Nov 15 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services tailored to the needs of digital asset traders. Among its offerings, BTCC provides access to spot and futures trading, allowing users to buy, sell, and speculate on the price movements of various cryptocurrencies.
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EtherealVoyager
Fri Nov 15 2024
In addition to its trading services, BTCC also operates a wallet service. This feature allows users to securely store their cryptocurrencies, including USD Coin, in a digital wallet that is accessible via the internet.
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