USDC is a stablecoin that is pegged to the United States dollar and currently runs on the Ethereum, Stellar, Algorand, and Solana blockchains.
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What Is a Stablecoin?
A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.
TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.
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Silvergate Bank is one of the few U.S. banks serving crypto-related businesses. Silvergate lists Coinbase, Kraken, Bitstamp and others as customers.
United States, April 19, 2021 /AlexaBlockchain/ – Signature Bank has forged technology partnership to integrate Circle in the Signet ecosystem. Circle has also selected Signature Bank as its banking…
Lugh Company aims to develop new financial services based on blockchain technology.
The stablecoin ‘Lugh’ will have the ticker symbol $EURL and it will be the first French stablecoin backed by the Euro.
Di Maggio will collaborate with other researchers at Sperax in the finishing, launch, and further development of its stablecoin and BDLS protocol.
United States, March 4, 2021 /AlexaBlockchain/ – Hover Labs has increased the debt ceiling on the Kolibri platform twice in two days to keep up with the unexpected demand surge…
Combining Digital Yen and Digital Dollar into a Single Order Book will position GYEN with the same standing as JPY fiat
Toronto-based Stablecorp is partnering with a consortium of highly strategic investors led by Canadian Schedule 1 Bank VersaBank, DV Private Investments, Borderless Capital and a major U.S. Bitcoin financial services firm. These new consortium members will join existing strategic investors 3iQ and Mavennet to launch VCAD and catalyze growth of next generation financial infrastructure globally.
VersaBank Partners with Stablecorp to develop VersaBank digital currency VCAD.