Usdc stablecoin reddit

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Launched in September 2018, USD Coin (USDC) is a stablecoin pegged to the US dollar that is developed by the Centre consortium, a partnership between Coinbase and Circle. Centre consortium is tasked with the development of the technology and governing framework of USD Coin while Coinbase and Circle are the first commercial issuers of USDC.

Now, the first USDT has been finally minted on the Solana blockchain, as announced by Paolo Ardoino on Twitter late on Tuesday. Tether, the […] Mar 17, 2020 · The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity Jun 24, 2020 · USDC is a fast-growing stablecoin, supported by hundreds of fintech companies in their products and services. Joao Riginatto, head of the Product at Circle told CryptoBriefing that executing transfers on Algorand Standard Assets (ASAs) is very low cost—typically less than a cent and Algorand can support sustained loads of over one thousand Circle's USDC stablecoin has officially launched on the Stellar Network and will be immediately available on Stellar's decentralized exchange. Jun 10, 2020 · Since the start of the year, USDC has added over $230 million to its market cap, bringing it to around $750 million. Though regardless of this impressive year to date growth, it's but a drop in the water compared to the leading stablecoin, Tether (USDT), which has added over $5 billion to its total market cap in 2020 alone. Nov 22, 2020 · Global Fintech firm Circle has teamed up with the Bolivarian Republic of Venezuela and Airtm in order to provide aid to Venezuelan residents using the USDC stablecoin..

Usdc stablecoin reddit

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Press question mark to learn the rest of the keyboard shortcuts U.S. government uses USDC stablecoin to bypass Nicolas Maduro and give funds directly to Venezuelan medical workers (Using Venezuelan funds) ADOPTION Besides the news I will post. r/StableCoin: This subreddit is dedicated to inform and discuss the revolutionary cryptocurrency Stablecoin. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts $6 Billion Stablecoin USDC Lands On The Stellar Blockchain. Close. 442. Posted by 1 day ago.

Yesterday Circle, one of the companies behind the $3 billion USDC stablecoin, announced a deal with Visa. The agreement is multifaceted, including plans for a Circle Visa corporate card. It accelerates Circle’s strategy to enable mainstream stablecoin usage for business. The reality is, Circle and USDC present an alternative to U.S. dollar bank accounts for businesses, […]

high cap low value token subs and it's rapidly ruining the quality of the reddit cryptosphere. I played around a little with USDC on the SDEX, seeing as how there was so much hype for it. But the XLM/USDC exchange rate was worse than my exchange's XLM/USD rate. I ended up losing about 0.5 XLM going back and forth with a token amount of XLM, but that could scale up to thousands of lost XLM with larger transactions.

MoneyToken intends to use USDC as one of the lending options on their platform. Other platforms such as BitPay in the merchant’s payments space, and FOTA in the over-the-counter derivatives space, are going to be key in weaving USDC into even more mainstream financial services. Comparing Stablecoin Rates

Usdc stablecoin reddit

The goal is to facilitate the flow of funds from international donors now that Maduro, though not recognized by the United States and over 50 nations as the legitimate leader of Venezuela, holds sway of Mar 06, 2020 · USD Coin is the stablecoin crypto created by Coinbase exchange and Circle company. It’s positioned as a stablecoin that has financial and operational transparency.

After USDT, USD Coin (USDC) is the largest stablecoin by market cap. USDC is governed by Centre, a membership-based consortium, of which Circle and Coinbase are founding members.

It aims to make international financial transactions as easy as sending an email. Some call it a blockchain-based digital dollar. Additionally, USDC can be used as a programmable currency to buy crypto collectibles. Nov 27, 2020 · The USDC Distribution Initiative In a ravaged economy, opposition leaders are now uniting under the “ Stablecoin Solution ” initiative. The goal is to facilitate the flow of funds from international donors now that Maduro, though not recognized by the United States and over 50 nations as the legitimate leader of Venezuela, holds sway of Mar 06, 2020 · USD Coin is the stablecoin crypto created by Coinbase exchange and Circle company. It’s positioned as a stablecoin that has financial and operational transparency. The exchange of cryptocurrency for fiat is carried out in the Circle USDC application which emits cryptocurrency.

Launched in September 2018, USD Coin (USDC) is a stablecoin pegged to the US dollar that is developed by the Centre consortium, a partnership between Coinbase and Circle. Centre consortium is tasked with the development of the technology and governing framework of USD Coin while Coinbase and Circle are the first commercial issuers of USDC. The world's leading digital dollar stablecoin. See USDC in action. In real-time, watch USDC payments fly from business to contractor, from person to person, between non-custodial and custodial wallets, with pit stops and conversions into local currencies on the way, and we’ll take a look at a marketplace built on USDC. USDC is now available on the Stellar blockchain. Circle has been using its stablecoin to expand payment processing features across the board.

Usdc stablecoin reddit

Circle's dollar-pegged stablecoin USDC marks another milestone as it moves to the Stellar blockchain Circle Financial and the Stellar Development Foundation announced that they had partnered on the initiative, bringing the world’s leading […] Stablecoin issues Tether first announced during the summer of 2020 that it had launched its USDT coin on Layer 1 blockchain Solana, which claims to be faster and cheaper than Ethereum. Now, the first USDT has been finally minted on the Solana blockchain, as announced by Paolo Ardoino on Twitter late on Tuesday. Tether, the […] USDC Stablecoin Surpasses Another DeFi Milestone: $50m Borrowed for Loans More than $50 million in USD Coin (USDC) has been borrowed this year across top platforms, an achievement that highlights After USDT, the next largest stablecoin is USDC. However, as of publication, USDC has a fraction of Tether's liquidity. During that time when there wasn’t a highly liquid stablecoin, institutions would find it more difficult to move their money around the cryptocurrency ecosystem. Yesterday Circle, one of the companies behind the $3 billion USDC stablecoin, announced a deal with Visa.

Since the USDC is pegged to the US Dollar, one USD Coin can  3 Feb 2021 Users will have instant access to stablecoin on. A Reddit user shared the screenshot below to illustrate what the exchange between XLM and  19 Jan 2021 Maker (MKR)- The platform allows users to borrow stablecoins against a small range of cryptocurrencies such as ETH, USD Coin (USDC), Go over to Reddit and Twitter and see what others are saying about the protocol. Ripple coin worth reddit purchase xrp through coinbase send, receive, buy, and sell the USD Coin stablecoin USDC on its website and mobile applications. deposits in Dai (DAI), which pays a 3.7% interest rate, and USD Coin (USDC), which pays a 4.7% interest rate.

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USDC is a fiat-backed stablecoin supported by Coinbase and Circle Invest and first announced in September 2018. Safety. A stable value isn’t everything. Traders and investors also must have confidence that their chosen stablecoin won’t get wiped out by an unforeseen black swan event. USDC is backed by US dollars held in bank accounts.

Learn all about USDC - The USD Stablecoin issued by Circle and Coinbase and how USDC Tokenization works. Pete Kim, who has helped build the USDC stablecoin version 2.0 and the Coinbase Wallet, has published an update on upgrading one of the world’s largest digital assets, USDC, which is an Circle's USDC stablecoin has officially launched on the Stellar Network and will be immediately available on Stellar's decentralized exchange. The stablecoin market has become exceedingly crowded over recent years — but USD Coin has aimed to stand head and shoulders over competitors in several ways.