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USD Coin (USDC)

USD Coin (USDC) is the name of the stablecoin issued by Coinbase and Circle. Just like other stablecoins, USD Coin offers a stable value at a 1:1 ratio with the US dollar. Coinbase ensures that each USDC is backed by one US dollar, which is held in bank account. USDC, or often misspelled as USDE Coin, is powered by Ethereum, which makes USD Coin is an ERC-20 token. It also means that it can be stored in an Ethereum-compatible wallet. MyEtherWallet, MetaMask, imToken, Ledger, Trezor, Parity and Jaxx are among the ERC-20 wallets that can be used for USDE Coin Wallet.

Aside from Coinbase, USD Coin is also available in many exchanges, such as Binance, Bitfinex, OKEx, Poloniex and Changelly. The companies behind USDE Coin has multiple audit reports, which were conducted by auditor firm Grant Thornton to prove that USDC is backed by an actual USD as it’s claimed. Both Coinbase and Circle must have learned from Tether, whose credibility has always been questioned by the public.

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