Cryptocurrency Q&A
Who uses USDC?
Who uses USDC?
Maria
Mon May 13 2024
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7 answers
1651
Who exactly utilizes USDC? It's a question that's been floating around the cryptocurrency and finance community. USDC, being a stablecoin pegged to the value of the US dollar, offers a unique blend of stability and convenience for users. Is it primarily investors looking for a reliable store of value? Are there businesses utilizing USDC for their day-to-day transactions? Or could it be institutions and hedge funds, seeking to hedge against market volatility? The answer, it seems, isn't a straightforward one. USDC's utility spans across a diverse range of users, from retail investors to large financial institutions, each with their own unique needs and motives. Deciphering the who and why behind USDC usage is a fascinating puzzle that continues to unfold in the world of crypto and finance.
7 answers
Bianca
Wed May 15 2024
USD Coin (USDC) is a unique type of digital currency.
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SoulStorm
Wed May 15 2024
Its value is pegged to the U.S. dollar, ensuring stability.
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SsangyongSpirited
Wed May 15 2024
USDC was introduced in 2018 by Centre, a consortium formed by Circle and Coinbase.
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ZenMindfulness
Tue May 14 2024
Being an open source protocol, USDC offers accessibility to everyone.
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Lorenzo
Tue May 14 2024
It's not exclusive to Circle and their collaborators.
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