Cryptocurrency Q&A
Is USDC a coin or token?
Is USDC a coin or token?
AmethystEcho
Sun May 12 2024
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6 answers
1421
Could you clarify for me whether USDC is classified as a coin or a token? I've been trying to understand the nuances between the two, but I'm still a bit hazy on the details. As I'm exploring the cryptocurrency space, it's important for me to grasp these fundamental distinctions. I've heard that coins typically have their own blockchains, while tokens might reside on existing blockchains. But how does USDC fit into this picture? Is it more akin to a standalone coin or a token that operates within a larger ecosystem? Your expertise in this area would be invaluable in helping me sort this out.
6 answers
KimonoElegance
Tue May 14 2024
BTCC, a cryptocurrency exchange headquartered in the UK, offers a range of services.
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BitcoinBaroness
Tue May 14 2024
It functions seamlessly across fifteen distinct blockchain platforms.
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Filippo
Tue May 14 2024
These platforms include Algorand, Arbitrum, Avalanche, Base, and Ethereum.
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Tommaso
Tue May 14 2024
Additionally, USDC operates on Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS.
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Raffaele
Tue May 14 2024
USD Coin (USDC) represents a digital replica of the United States dollar (USD).
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