Which blockchain network does Coinbase leverage for USDC?

Mstsakila khatun Sakila khatunJan 08, 2022 · 3 years ago3 answers

Can you tell me which blockchain network Coinbase uses for USDC?

Which blockchain network does Coinbase leverage for USDC?

3 answers

Jan 08, 2022 · 3 years ago
Coinbase leverages the Ethereum blockchain for USDC. Ethereum is a popular and widely used blockchain platform that supports smart contracts and decentralized applications. By leveraging Ethereum, Coinbase ensures the security, scalability, and interoperability of USDC transactions.
Jan 08, 2022 · 3 years ago
USDC, which stands for USD Coin, is an ERC-20 token built on the Ethereum blockchain. This means that Coinbase uses the Ethereum network to process and validate transactions involving USDC. Ethereum's robust infrastructure and large user base make it a reliable choice for Coinbase to leverage for USDC.
Jan 08, 2022 · 3 years ago
USDC is built on the Ethereum blockchain, which provides a secure and decentralized platform for the issuance and transfer of digital assets. Coinbase, as a leading cryptocurrency exchange, recognizes the advantages of Ethereum's network and has chosen to leverage it for USDC. By doing so, Coinbase ensures the transparency and immutability of USDC transactions.

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