Cryptocurrency Q&A
Is USDC ERC-20?
Is USDC ERC-20?
ZenMind
Mon May 13 2024
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6 answers
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I'm quite interested in the USDC cryptocurrency, but I'm a bit confused about its technical details. Could you clarify for me if USDC is indeed an ERC-20 token? ERC-20, as I understand, is a technical standard used for smart contracts on the Ethereum blockchain, and it's essential for ensuring compatibility and interoperability among various tokens. So, is USDC built on this standard, or does it operate on a different mechanism? I'd appreciate it if you could break it down for me in a way that's easy to understand.
6 answers
Bianca
Wed May 15 2024
USDC is a type of stablecoin jointly created by Coinbase and Circle.
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RainbowlitDelight
Wed May 15 2024
This digital currency operates as an ERC-20 token, indicating its integration with the Ethereum blockchain.
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ShadowFox
Tue May 14 2024
For a significant portion of its existence, USDC was managed by the Centre Consortium.
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SakuraPetal
Tue May 14 2024
Recently, Centre announced its intention to shut down, sparking changes in USDC's operational landscape.
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Valentino
Tue May 14 2024
Following the Centre Consortium's announcement, Coinbase took an equity stake in Circle.
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