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What blockchain technology powers USDC?

avatarDix 0x1Jan 14, 2022 · 3 years ago3 answers

What is the blockchain technology that powers USDC?

What blockchain technology powers USDC?
Blockchain
USDC
Cryptocurrency

3 answers

  • avatarJan 14, 2022 · 3 years ago
    USDC is powered by the Ethereum blockchain. Ethereum is a decentralized, open-source blockchain platform that enables the creation and execution of smart contracts. USDC tokens are ERC-20 tokens, which means they follow the technical standards set by Ethereum. This allows for easy integration and interoperability with other Ethereum-based applications and platforms.
  • avatarJan 14, 2022 · 3 years ago
    USDC is built on top of the Ethereum blockchain. Ethereum is a popular blockchain platform known for its smart contract functionality. By leveraging Ethereum's infrastructure, USDC benefits from its security, scalability, and global network of nodes. This ensures that USDC transactions are fast, secure, and reliable.
  • avatarJan 14, 2022 · 3 years ago
    USDC is backed by a consortium called Centre, which is a collaboration between Coinbase and Circle. Centre is responsible for the governance and development of USDC. While USDC is primarily built on the Ethereum blockchain, Centre has plans to support other blockchains in the future to provide more options and flexibility for users.

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