What network does USDC run on?
AkhilaMay 04, 2022 · 3 years ago3 answers
What is the underlying network that USDC, the stablecoin, operates on?
3 answers
- May 04, 2022 · 3 years agoUSDC, which stands for USD Coin, operates on the Ethereum network. It is an ERC-20 token, which means it follows the technical standards set by Ethereum. This allows USDC to benefit from the security, transparency, and decentralization of the Ethereum blockchain.
- May 04, 2022 · 3 years agoUSDC runs on the Ethereum network, which is one of the most popular and widely used blockchain networks in the cryptocurrency industry. By leveraging the Ethereum network, USDC ensures fast and secure transactions, as well as compatibility with various decentralized applications and smart contracts.
- May 04, 2022 · 3 years agoUSDC is built on the Ethereum network, which provides a robust and reliable infrastructure for the stablecoin. The Ethereum network has a large and active community of developers, which contributes to the continuous improvement and innovation of USDC. Additionally, being on the Ethereum network allows USDC to easily integrate with other Ethereum-based projects and platforms.
Related Tags
Hot Questions
- 96
How can I minimize my tax liability when dealing with cryptocurrencies?
- 89
What are the best digital currencies to invest in right now?
- 71
How can I protect my digital assets from hackers?
- 68
Are there any special tax rules for crypto investors?
- 54
What are the tax implications of using cryptocurrency?
- 47
What are the best practices for reporting cryptocurrency on my taxes?
- 21
How can I buy Bitcoin with a credit card?
- 21
What are the advantages of using cryptocurrency for online transactions?