TETHER
TETHER
Coin: USD Coin (USDC)
USDC is a stablecoin established by Circle and Coinbase placing an immense on focus on transparency from its launch.
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Tokenomics
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Security
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Scalability
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Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
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Applications
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Team & Developers
Refers to the experience, knowledge and strength of the projects core team & developer community (ie. Github).
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Usage & Adoption
Refers to how widely used and adopted the projects core applications are by the broader economy.
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Community Strength
Refers to the size, loyalty and legitimacy of a projects community across Twitter, Reddit, Discord, Youtube & more.
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Overall Rating
Refers to the combined rank computed as a simple average.
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Investors:
BlackRock, Fidelity Management and Research, Marshall Wace, and Fin Capital
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Launched in September of 2018 as a collaboration between Circle and Coinbase, USD Coin (USDC) is a fiat-collateralized stable coin that aims to maintain a 1:1 pegging to the US Dollar. USDC is a service to tokenize US dollars in order to exchange coins cheaper and more efficiently across the blockchain. Powered by Ethereum smart contracts, these USDC coins stabilize cryptocurrency’s volatile world while offering maximum transparency.
To maintain a full reserve of the equivalent fiat currency, creators of USDC are obligated to provide full transparency and work with financial institutions. This, paired with its regulation in the US, provides a level of transparency unseen across other stable coins. Unlike other cryptocurrencies such as Bitcoin, which gains value from scarcity, USDC is fully collateralized by real US dollars. Further the coin was supported by major companies such as Visa, USDCoin has also attracted investors such as BlackRock, Fidelity Management and Research, Marshall Wace, and Fin Capital.
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