Cryptocurrency Q&A
Is USDC the same as Ethereum?
Is USDC the same as Ethereum?
CryptoWizard
Sun May 12 2024
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5
answers
1113
Could you clarify something for me? I've been hearing a lot about USDC and Ethereum lately, and I'm trying to wrap my head around the differences. Are USDC and Ethereum essentially the same thing? I've seen them mentioned in the same breath, but I'm not sure if they serve similar purposes or if they're entirely distinct entities. Could you break it down for me in a way that's easy to understand? I'm still new to this cryptocurrency world and I'm trying to get a solid foundation.
5 answers
KpopHarmonySoul
Tue May 14 2024
Operating as an ERC-20 token, USDC is compatible with the Ethereum blockchain.
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Lucia
Tue May 14 2024
ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain, allowing for the creation of fungible tokens.
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Lucia
Tue May 14 2024
USDC is a distinct type of digital currency known as a stablecoin.
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GyeongjuGlorious
Tue May 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a diverse range of services to its users.
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MysticMoon
Tue May 14 2024
This stablecoin was jointly developed by two leading players in the crypto space: Coinbase and Circle.
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