Cryptocurrency Q&A
Is USDC under Ethereum?
Is USDC under Ethereum?
Starlight
Mon May 13 2024
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6 answers
1194
I'm curious, is USDC, the stablecoin, actually under the umbrella of Ethereum? I've heard rumors about it being an ERC-20 token, but I'm not entirely sure if that's accurate. Could you clarify for me? It's important for me to understand the technicalities behind these cryptocurrencies, as I'm considering investing in them. If USDC is indeed based on Ethereum, that would mean it enjoys the security and scalability of the Ethereum blockchain, doesn't it? Could you also explain the implications of this, especially for investors like me? Thank you for your time and assistance.
6 answers
SsangyongSpiritedStrengthCourageBravery
Wed May 15 2024
USDC is a unique type of digital currency known as a stablecoin.
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TaekwondoMasterStrength
Wed May 15 2024
This stablecoin was jointly developed by two renowned companies - Coinbase and Circle.
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CharmedClouds
Tue May 14 2024
Operating as an ERC-20 token, USDC is compatible with the extensive Ethereum ecosystem.
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HanbokGlamourQueen
Tue May 14 2024
This compatibility means that USDC can be seamlessly integrated into various Ethereum-based applications and platforms.
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CryptoTitaness
Tue May 14 2024
ERC-20 tokens are a standard for fungible tokens on the Ethereum blockchain, ensuring interoperability and ease of use.
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