USD//Coin USDC

$1.01
Market Cap $ 323.088 MM (#20)
24h Volume $ 23.076 MM
Chg. 24h: -1.26%
Algo. score 3.1/5  (#524)
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USD//Coin project purpose and description

USD//Coin clarity of purpose

USD//Coin purpose and aspects

USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. USDC is an Ethereum token and is the only stablecoin currently supported by Coinbase.

USD//Coin additional differentiation against competition

n/a

Short description

USDC - An investment cryptocurrency with a Price Guarantee Plan. USDC can be worth more than 1 USD, which is different from USDT. According to our Price Guarantee Plan, we use the company as guaranty, each USDC reserve on our website will equal 1 USD of ETH or BTC forever

Abstract

The open internet -- a global, distributed network of computers that share common open software protocols -- has enabled billions of humans to connect and share information instantly, securely and with zero consumer cost. The implications for the world have been profound, and are still unfolding. The invention of cryptographic assets and blockchainbased computing and data sharing have ushered in the next major era of the open internet. Just as HTTPS, SMTP and SIP allowed for free information sharing and communications, crypto assets and blockchain technology will allow humans to exchange value and transact with one another in the same way: instantly, globally, securely and at low cost. An open internet of value exchange can transform and integrate the world more deeply, eventually eliminating artificial economic borders and enabling a more efficient and inclusive global marketplace that connects every person on the planet. The future of the global economy is open, shared, inclusive, far more evenly distributed, and powerful not only for a few chosen gatekeepers, but for all who will connect. CENTRE was born out of a desire to realize this vision. CENTRE | 5 CENTRE WHITEPAPER | DOCUMENT VERSION 2.0 CENTRE consists of price-stable crypto assets, network protocols, and business rules which were implemented in early form over the past several years by Circle, where the existing technology supports significant active daily transaction volume. CENTRE plans to create a network scheme to manage the creation, redemption, and flow of these assets under a new organization independent and separate from Circle.

Link to Roadmap: n/a
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