What is USDC and how does it relate to CoinMarketCap?

3 answers

• Dec 18, 2021 · 3 years ago
  USDC stands for USD Coin, which is a stablecoin pegged to the US dollar. It was created by Circle and Coinbase, two well-known companies in the cryptocurrency industry. USDC is an ERC-20 token built on the Ethereum blockchain, which means it operates on the Ethereum network. As for its relation to CoinMarketCap, CoinMarketCap is a popular website that provides information about cryptocurrencies, including USDC. CoinMarketCap lists the current price, market capitalization, trading volume, and other relevant data for USDC. So, if you want to check the latest information about USDC, you can find it on CoinMarketCap.
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• Dec 18, 2021 · 3 years ago
  USDC is a stablecoin that is designed to maintain a 1:1 ratio with the US dollar. It is backed by a reserve of US dollars held in bank accounts. This ensures that for every USDC token in circulation, there is an equivalent amount of US dollars held in reserve. CoinMarketCap, on the other hand, is a website that tracks the prices and market capitalizations of various cryptocurrencies, including USDC. It provides users with real-time data and market trends. So, if you want to keep track of the value of USDC or compare it to other cryptocurrencies, CoinMarketCap is a great resource.
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• Dec 18, 2021 · 3 years ago
  USDC is a stablecoin that is widely used in the cryptocurrency industry. It is backed by a reserve of US dollars, which means that each USDC token is redeemable for one US dollar. CoinMarketCap, on the other hand, is a leading platform that provides information about cryptocurrencies, including USDC. It lists the current price, trading volume, and market capitalization of USDC, allowing users to track its performance. CoinMarketCap is a valuable tool for investors and traders who want to stay updated on the latest developments in the cryptocurrency market, including USDC.
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