Cryptocurrency Q&A
What is USDC on Coinbase?
What is USDC on Coinbase?
Sara
Sun Dec 01 2024
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7 answers
2046
I'm trying to understand what USDC is on Coinbase. I've seen it mentioned a lot and I know it's some kind of digital currency, but I'm not sure how it works or what makes it different from other cryptocurrencies on the platform.
7 answers
CryptoQueen
Tue Dec 03 2024
It is pegged to the US dollar, ensuring a consistent exchange rate.
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Leonardo
Tue Dec 03 2024
USDC is a cryptocurrency classified as a fiat-backed stablecoin.
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JejuJoyful
Tue Dec 03 2024
This classification indicates that USDC is supported by assets within the traditional financial system.
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Caterina
Tue Dec 03 2024
These reserve assets can include various forms such as cash, cash equivalents, or securities.
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Martina
Tue Dec 03 2024
Specifically, USDC is designed to maintain a stable value relative to the US dollar.
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