Review on USD Coin by Bünyamin Sevinç
USD Coin
In my post today, I will talk about another project, USD Coin.
This coin is a stablecoin. It is pegged to the US dollar.
It is published as an ERC-20 on the Ethereum blockchain. So anyone can verify the circulating supply and monitor transactions.
It is a transparent and easy-to-use stablecoin.
It is one of the largest stablecoins in value.
It is listed on many giant exchanges such as Coinbase Pro, Binance, Poloniex, Kucoin.
It can be stored in various personal crypto wallets.
Another advantage of this coin is that you can easily withdraw from your bank accounts for USD.
Regulated and licensed by NYDFS.
I would say USDC is a popular choice for investors looking to earn interest on their stablecoins.
I can say it is a very safe stablecoin for investors. Because it instills confidence with monthly audits published to the public.
However, one disadvantage is that this stablecoin is centralized.
Thank you to everyone who reads and does not.
Pros
- Local ERC20
- Transparent and easy to use
- One of the most liquid stablecoins
- Regulated and Compliant
- Monthly Inspection
Cons
- It is centralized.
