Crypto Explorer



  • USD Coin is a tokenized version of the dollar, based on the Ethereum blockchain.


  • The USD Coin (USDC) is a stablecoin.


  • USD Coin is programmable with smart contracts.


  • The value fluctuates depending on how much confidence people have in it at any given time.

History of USDC

USDC is a coin that is pegged to the USD. It was launched on September 9, 2018, by Centre consortium. The Centre consortium manages the coin and its use cases are wide-ranging:

- To allow developers to build applications on top of stablecoins instead of fiat currencies

- To enable users to trade cryptocurrencies without incurring high transaction costs

USDC can be used as collateral for loans, deposits and payments at any time or place in the world because it's backed by actual USD deposits at Goldman Sachs' custodial bank Northern Trust.

What is USD Coin?

USDC is a stable coin that uses the Ethereum blockchain to facilitate transactions. Unlike other cryptocurrencies, USDC is backed by fiat currency, meaning it can be used in place of dollars or euros to buy and sell goods and services.

USDC can also be stored in any compatible wallet.

Utility in the Markets

The usage and benefits of USDC are:

- Can be used to purchase goods and services.

- 100% collateralized by USD in reserve.

- Governed by a membership organization called the Centre consortium, which provides tools, resources, and the method for creating and redeeming USDC. Any institution that is approved by Centre can create or redeem USDC.

- Is a stable coin, considerably less prone to volatility compared to other Cryptocurrencies

Potential Future of USD Coin

USDC has a bright future ahead of it. Stable coins are on the rise, and there is a need for stable currencies to combat volatility in other cryptocurrencies. The demand for USDC will also increase due to its use case as an investment vehicle, further solidifying its stance in the Crypto world!


The USD Coin is a decentralized, digital currency that’s backed by the full faith and credit of the U.S. dollar. It’s designed to be a stablecoin that can be used for payments and financial transactions in place of traditional money at lower transaction costs than fiat currency would incur. Utility is its function. We believe that USD Coin has a lot of potential as a stablecoin, and we're excited to see how it develops. The team behind this project is passionate about their product, so it seems likely that they will continue working hard on improving USDC in order to meet their goals.
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