On which blockchain is USDC based?
omarMay 02, 2022 · 3 years ago3 answers
Can you tell me which blockchain the USDC stablecoin is based on? I'm curious to know the underlying technology behind it.
3 answers
- May 02, 2022 · 3 years agoUSDC is based on the Ethereum blockchain. It is an ERC-20 token, which means it follows the technical standards set by Ethereum. This allows for easy integration with Ethereum-based decentralized applications (dApps) and smart contracts. The use of Ethereum as the underlying blockchain provides security, transparency, and immutability to the USDC stablecoin.
- May 02, 2022 · 3 years agoUSDC is built on the Ethereum blockchain. This choice was made because Ethereum is one of the most widely adopted and secure blockchains in the industry. By leveraging Ethereum's infrastructure, USDC benefits from its robust network and established ecosystem. This ensures that USDC transactions are fast, reliable, and can be easily integrated into various decentralized finance (DeFi) platforms.
- May 02, 2022 · 3 years agoUSDC is backed by the Ethereum blockchain. Ethereum's smart contract capabilities and widespread adoption make it an ideal choice for a stablecoin like USDC. The Ethereum blockchain provides a decentralized and transparent platform for USDC transactions, allowing users to easily verify the supply and audit the reserves. This enhances the trustworthiness and reliability of USDC as a stablecoin.
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