Ferrari’s foray into crypto space shows a growing confidence in the technology’s potential for secure and efficient transactions, particularly among high-net-worth individuals.
About USD Coin
USD Coin (USDC) is a stablecoin pegged against the US dollar at a 1:1 ratio. With USDC, you can move dollars anywhere in the world in minutes instead of days, cheaply and securely.
USDC was launched in September 2018 by cryptocurrency exchange Coinbase and Boston-based crypto finance company Circle with the aim to tokenize US dollars and expand their use over the internet and public blockchains.
Notably, USDC is regulated by financial institutions. Besides, it is governed by Centre, a membership-based consortium that sets technical, policy, and financial standards for stablecoins.
Users have several options regarding the use of the coin. They can tokenize USD, redeem USDC, transfer USDC out to ERC20 compatible Ethereum addresses, as well as deposit USDC from external Ethereum wallet addresses. Notably, there are no fees for tokenizing and redeeming services on Circle. However, there is a $50 commission for incorrect and rejected bank transfers. As for Coinbase USDC operations, all the standard fees apply.
USDC has grown into the most popular stablecoin, having attracted numerous companies. The ERC-20 compatible wallets that accept USDC include BitGo, Coinbase Wallet, Tokenary, Fireblocks, Dexwallet, and more.
The USD Coin brings stability to crypto, opening up possibilities for trading, hedging risk, lending, and beyond. It is widely used to avoid hyperinflation in countries like Venezuela or Turkey, to send money instantly, globally, securely and at low costs, and to serve as a hedge for traders.
When deciding how to enter virtual reality, the choice is narrowed to open and closed metaverse. The following guide covers everything you might need to know about both the types, as well as addresses their benefits and downsides.
The guide provides an explanation of an Initial Twitter Offering (ITO). With ITO, Twitter users can buy tokens without having to leave the social network.
Today's live USD Coin price is $1.00 USD, with a 24-hour trading volume of $4 081 083 625 USD. We provide real-time updates for the USDC to USD price. Ethereum has increased by 0% in the last 24 hours. Currently ranked 6 in the cryptocurrency market, USD Coin has a live market cap of $34 775 279 607 USD, with a circulating supply of
34 780 214 583USDC coins and the maximum supply not available.
