What blockchain network is USDC built on?
Chidimma ToniaMay 03, 2022 · 3 years ago3 answers
Can you tell me which blockchain network the USDC (USD Coin) is built on? I'm curious to know the underlying technology behind this stablecoin.
3 answers
- May 03, 2022 · 3 years agoUSDC (USD Coin) is built on the Ethereum blockchain network. Ethereum is a decentralized, open-source blockchain platform that allows developers to build and deploy smart contracts and decentralized applications (DApps). By leveraging the Ethereum network, USDC benefits from its security, transparency, and global reach.
- May 03, 2022 · 3 years agoUSDC (USD Coin) is built on the Ethereum blockchain network. Ethereum is one of the most popular and widely used blockchain platforms in the cryptocurrency industry. It provides a robust infrastructure for creating and managing digital assets, making it a suitable choice for stablecoins like USDC.
- May 03, 2022 · 3 years agoUSDC (USD Coin) is built on the Ethereum blockchain network. Ethereum's smart contract capabilities enable the creation and management of USDC tokens, ensuring their transparency and immutability. This blockchain network also allows for seamless integration with other decentralized applications and services, enhancing the usability and accessibility of USDC.
Related Tags
Hot Questions
- 91
How does cryptocurrency affect my tax return?
- 88
What are the advantages of using cryptocurrency for online transactions?
- 83
What are the best practices for reporting cryptocurrency on my taxes?
- 59
What is the future of blockchain technology?
- 53
How can I buy Bitcoin with a credit card?
- 52
How can I minimize my tax liability when dealing with cryptocurrencies?
- 49
What are the tax implications of using cryptocurrency?
- 44
How can I protect my digital assets from hackers?