Cryptocurrency Q&A
Is USDC its own Blockchain?
Is USDC its own Blockchain?
Michele
Sun May 12 2024
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5
answers
1213
Could you please clarify for me, is USDC its own Blockchain? I've been hearing a lot about stablecoins recently and USDC seems to be quite popular. But I'm a bit confused about its technical underpinnings. Does USDC operate on its own dedicated blockchain, or does it rely on an existing blockchain platform like Ethereum? Understanding this distinction is crucial for me to grasp the full scope of USDC's functionality and potential within the crypto ecosystem. Thank you for your assistance in clarifying this matter.
5 answers
Giuseppe
Tue May 14 2024
USDC, a cryptocurrency, initially debuted on the Ethereum blockchain.
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HanRiverVisionary
Tue May 14 2024
BTCC, a renowned cryptocurrency exchange headquartered in the UK, offers diverse services.
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SejongWisdomSeeker
Tue May 14 2024
Its initial form was an ERC-20 token, compatible with Ethereum's standards.
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CherryBlossomBloom
Tue May 14 2024
Since its inception, USDC has broadened its reach to various blockchains.
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TaegeukChampion
Tue May 14 2024
These include the popular Solana, Stellar, and Algorand networks.
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