USD Coin (USDC) Review
USD Coin (USDC) Emerges as Top Contender in Official Crypto Coin Sites Category
USD Coin (USDC) is a stablecoin that is fully backed by the US dollar and is considered a more transparent fiat-collateralized stablecoin than Tether (USDT). It was launched in October 2018 and has grown significantly in popularity, with a circulating supply of over 14 billion in 2020. USDC is based on the ERC-20 smart contract in the Ethereum blockchain and is audited monthly to ensure transparency and maintain the 1:1 peg with the US dollar. It is primarily used by cryptocurrency exchanges as a digital equivalent for fiat currencies. USDC can be bought on various cryptocurrency exchanges and stored in supported wallets.