What is Usd Coin?
USDC is the 2nd largest stablecoin in the world. It was created by Circle and Coinbase to overthrow USDT, integrate into the payment system of both companies and offer a much more transparent operational structure than Tether. Since USDC is pegged 1:1 to the dollar and this fiat currency has no issuance limit, the smart contract that manages the peg is very unique, because it allows for unlimited issuance of USDC.
Why buy Usd Coin?
USD Coin is an ERC20 token and, as such, can deliver performances that Tether cannot. As it is reliant on Ethereum, USDC is much cheaper and more agile than its rival, and can be more easily integrated with dApps, DEXs and all services related to decentralised finance. Moreover, USDC is backed by two major US financial companies – an important premise for a possible adoption of USDC as a stable payment system.
How was it created?
USD Coin is a stablecoin launched in 2018. USDC ensures a 1:1 ratio with the US dollar, and heavily invests in accountability. It was supported by crypto companies such as Coinbase and Bitmain, but also Circle, a p2p fiat payment company. USD Coin’s mission is to create a decentralised financial ecosystem and become the most reliable stablecoin.
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