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    Cryptocurrencies Force Bridge USDC
    USD
    $1.00253 $ 1.00253
    +¥5204,24 1.5% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    --
    24H Volume
    6.71K
    Circulating Supply
    --
    Max Supply
    --
    All Time High
    1.05
    Rank
    --

    About

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    • About Force Bridge USDC (USDC)

      USD coin (USDC) is a digital currency that is pegged with the price of the dollar. Like USDT, it is a stablecoin in the digital currency. It was jointly created by the financial technology company Circle and the digital currency exchange Coinbase and was launched in 2018.

      Circle and Coinbase, the issuers of USDC, are licensed and regulated by the US government. In terms of collateral, USDC uses cash and short-term US debt as collateral, and is backed in a 1:1 ratio by the US dollar.

      USDC was originally an ERC-20 token based on the Ethereum blockchain, and later gradually expanded to other blockchains (Algorand, Solana, Stellar, TRON, etc.).


      How does USD Coin (USDC) Work?

      USDC is issued by CENTER (a joint venture of Coinbase and Circle). Each USDC issued has corresponding equivalent assets (US dollars or short-term US bonds) as supporting reserves.

      The following is the process of issuing and burning USDC:

      Issuing USDC:
      The customer remits US dollars to the bank account of the USDC issuer, and the issuer's USDC smart contract will create an equivalent USDC and deliver it to the customer.

      Burning USDC:
      The customer sends a request to the USDC issuer to convert the USDC into US dollars, and the issuer sends a request to the USDC smart contract to exchange US dollars, obtains the corresponding value of US dollars in the reserve, remits it to the customer's bank account, and burns the corresponding value of USDC in circulation.


      What is USD Coin (USDC) ?

      USDC is the second largest stablecoin with market value second only to USDT. Since it is pegged with the fiat currency, investors can use USDC and other cryptocurrencies as a combination to hedge against market price fluctuations, so as to avoid excessive losses in the event of market volatility.

      Compared with other stablecoins, the most special feature of USDC is that its issuer is a compliant licensed enterprise regulated by the US government.


      USD Coin (USDC) Crypto Wallet

      In addition to placing USDC in the Gate.io exchange to facilitate trading, USDC can also be placed in the crypto wallet.

      There are many choices of USDC crypto wallets. You can choose your own cold wallet or hot wallet based on your needs.
      Expand

    Force Bridge USDC FAQs

    • 1. Why should I buy a stablecoin such as Force Bridge USDC?
      Primarily, a stablecoin such as Force Bridge USDC acts as a medium of exchange in the crypto community, allowing users in the community to buy and sell cryptocurrencies of his/her choice at any given time. Other than that, stablecoins such as Force Bridge USDC offer a financial hedge for people from high inflation economies with a more stable currency in the form of crypto.
    • 2. Should I buy Force Bridge USDC now?
      It is important to remember that even a stablecoin like Force Bridge USDC can be subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, it is important to manage your own financial portfolio and risk level. Users are advised to do your own research when making investment decisions in the crypto market.
    • 3. How can the value of stablecoins such as Force Bridge USDC be maintained?
      There are three types of stablecoins in the market: fiat-backed, crypto-collateralized and algorithmic.

      Fiat backed stablecoins are maintained by cash reserves of a fiat currency such as USD or EUR, whereas crypto collateralized stablecoins are pegged to holdings of other cryptocurrencies such as BTC or ETH, instead of fiat currencies.

      The most controversial of all would be algorithmic stablecoins, which are built on a blockchain and rely on a supply-and-demand algorithm to maintain the 1:1 price peg. As the demand increases to drive the price up, the protocol issues more supply to drop the price back to its pegged $1.00 price, and vice versa.

    Force Bridge USDC News

    News
    Announcements
    HipoPerp Test Token USDC Application Guide

    HipoPerp Test Token USDC Application Guide

    1.Enter Hipo.com: https://www.hipo.com/ . You can also enter Hipo.com from the GateChain official website. 2. Connect your wallet. 3.Enter HipoPerp and switch the network to the GateChain testnet Meteora. 4.In order to initiate deposit and withdrawal transactions...
    Source: Gate.blog Posted: 2022-10-26
    La comunidad MakerDAO aprueba la propuesta de custodia de USDC de Coinbase

    La comunidad MakerDAO aprueba la propuesta de custodia de USDC de Coinbase

    Hasta US$1600 millones en USD Coin serán custodiados con Coinbase Prime, donde se obtendrá una recompensa de 1,5%.
    Source: coindesk Posted: 2022-10-24
    MakerDAO Community Approves Proposal to Place USDC in Coinbase's Custody Platform

    MakerDAO Community Approves Proposal to Place USDC in Coinbase's Custody Platform

    After the vote, up to $1.6 billion in USD Coin will be custodied with Coinbase Prime, where it will earn a 1.5% reward.
    Source: coindesk Posted: 2022-10-24
    MakerDAO Votes to Custody $1.6 Billion in USDC With Coinbase

    MakerDAO Votes to Custody $1.6 Billion in USDC With Coinbase

    The MakerDAO pilot will run through the end of 2022 before the community needs to vote on whether to keep its USDC with Coinbase next year.
    Source: decrypt Posted: 2022-10-24
    Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse

    Back to Square One? Circle's USDC Market Cap Drops Below $50B for First Time Since Terra's Collapse

    USDC's utility has taken a hit in the wake of Binance's decision to consolidate order books and Circle's decision to freeze addresses associated with Tornado Cash.
    Source: coindesk Posted: 2022-10-10
    Fintech App Eco to Convert User Balances From US Dollars to USDC

    Fintech App Eco to Convert User Balances From US Dollars to USDC

    Eco will use digital settlement-service platform Zero Hash to custody the stablecoins.
    Source: coindesk Posted: 2022-09-30
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