Latest stories

  • in

    Who backs USD Coin?

    USD Coin (USDC) is a stablecoin issued by CENTRE — a joint venture between Coinbase and Circle. The cryptocurrency is backed by U.S. dollar-denominated assets held at regulated and audited U.S. financial institutions. Similarly, Is USDC legal? Fact Check: USDC is indeed regulated. USDC is regulated as a stored value instrument (just like a pre-paid […] More

  • in

    Why is USDC APY so high?

    Demand for stablecoins constantly exceeds supply. So people with stablecoins to lend can charge premium interest rates, and crypto platforms desperate for stablecoins offer high interest rates to attract new stablecoin lenders. That’s why stablecoin interest rates are so high. It’s simple economics. Similarly, What are the risks of holding USDC? Is investing in USD […] More

  • in

    Is USDC Coinbase coin?

    USDC IS A DIGITAL CURRENCY AND COINBASE HAS NO RIGHT TO USE ANY USDC YOU HOLD ON COINBASE. COINBASE IS NOT A DEPOSITORY INSTITUTION, AND YOUR USDC WALLET IS NOT A DEPOSIT ACCOUNT. Similarly, How many dollars is circulation? As of December 31, 2020, there was $2,040.7 billion in circulation, totaling 50.3 billion notes in […] More