Cryptocurrency Q&A
Who controls USDC?
Who controls USDC?
Gianluca
Mon May 13 2024
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5 answers
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Who exactly controls USDC?" I ponder, my curiosity piqued by this intriguing question. USDC, as we all know, is a stablecoin that's supposed to maintain a one-to-one peg with the US dollar. But behind this seemingly straightforward concept, who are the real movers and shakers? Is it the issuing company? The exchanges that list it? Or maybe it's the larger financial institutions that have their fingers in the pie? This isn't just a matter of academic interest; it goes to the heart of trust and transparency in the crypto world. After all, if we don't know who's pulling the strings, how can we have confidence in the stability of USDC? So, who controls USDC? That's a question that deserves a thorough investigation.
5 answers
GliderPulse
Wed May 15 2024
USDC, a form of stablecoin, is issued by Circle.
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QuasarGlider
Wed May 15 2024
Circle operates in the private sector, distinct from public institutions.
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CryptoNinja
Tue May 14 2024
In contrast, a CBDC, or Central Bank Digital Currency, would be issued by a government.
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Lucia
Tue May 14 2024
This fundamental difference in issuance authority separates USDC from a potential CBDC.
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Michele
Tue May 14 2024
BTCC, a cryptocurrency exchange headquartered in the UK, offers a range of services.
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