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On which chain is USDC based?

avatarHjelm LethNov 26, 2021 · 3 years ago3 answers

Can you tell me which blockchain USDC is based on? I'm curious to know the underlying technology behind this stablecoin.

On which chain is USDC based?
USDC
Blockchain
Stablecoin

3 answers

  • avatarNov 26, 2021 · 3 years ago
    USDC 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 other Ethereum-based projects and wallets. The use of Ethereum as the underlying chain provides USDC with a high level of security and decentralization.
  • avatarNov 26, 2021 · 3 years ago
    USDC is built on the Ethereum blockchain. This choice was made due to Ethereum's widespread adoption and robust infrastructure. By leveraging Ethereum's smart contract capabilities, USDC can ensure transparency and immutability of transactions. Additionally, being on Ethereum allows USDC to benefit from the vast ecosystem of decentralized applications and exchanges built on the platform.
  • avatarNov 26, 2021 · 3 years ago
    USDC is based on the Ethereum blockchain, which is known for its scalability and security. By utilizing Ethereum, USDC can take advantage of its extensive network of nodes and miners, ensuring the stability and reliability of the stablecoin. Additionally, being on Ethereum allows for easy integration with various DeFi protocols and platforms, further enhancing the utility and accessibility of USDC.

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