Cryptocurrency Q&A
Is USDC an ERC20 token?
Is USDC an ERC20 token?
CryptoWanderer
Sun May 12 2024
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7 answers
1805
Could you please clarify if USDC qualifies as an ERC20 token? Given the information provided, I'm curious to understand how USDC fits into this category. ERC20 tokens are a specific type of digital asset that adhere to a set of standards and protocols on the Ethereum blockchain. Given that USDC is a stablecoin pegged to the US dollar, it seems to share some similarities with ERC20 tokens in terms of functionality and interoperability. However, a detailed explanation would be helpful to confirm its classification. Could you elaborate on this point? Thank you for your time and expertise in this matter.
7 answers
Valentina
Tue May 14 2024
Through this collaboration, USDC could be sent over the Solana blockchain to these payment firms.
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BonsaiGrace
Tue May 14 2024
Worldpay and Nuvei then facilitated the transfer of these payments to merchants.
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BlockchainLegend
Tue May 14 2024
Cryptocurrency has been gaining popularity in various blockchains.
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MysticStorm
Tue May 14 2024
This pilot program demonstrates the increasing integration of cryptocurrency into traditional payment systems.
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CherryBlossomPetal
Tue May 14 2024
Recently, Visa initiated a pilot program to explore the use of USDC on the Solana blockchain.
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