What is USDC?

_{What is USDC?}

(USDC) is a stablecoin with a fixed value per 1 US dollar.
It combines the stability of traditional currencies with the efficiency of blockchain technology. Launched in 2018.
By the Consortium Center, which includes Circle and Coinbase, to provide transparent and reliable cryptocurrency services.
able to facilitate global financial transactions

_{Blockchain nativo:}

USDC was first launched on the Ethereum blockchain as a coin running on Ethereum's ERC-20
However, with the goal of becoming a multi-chain active coin of USDC
It has thus been able to extend its application scope to other blockchains such as Algorand, Solana and Stellar.

_{Protokola Konsensus:}

USDC does not have a fixed consensus system, but uses a system made on blockchains running on Ethereum, Solana and Algorand.
By consensus mechanism, it is based on the underlying blockchain, as is the case of Ethereum.
It will be a mix between Proof of Work (PoW) and is moving towards Proof of Stake (PoS) with Ethereum 2.0

_{Trilemma (Security, Speed, Scalability)}

Seguridad: The security of USDC comes from the underlying blockchains that exist. For example, on Ethereum.
It also benefits from decentralized security features and network security.

Velocità e scalabilità: For these two topics, it will depend on its underlying blockchain.
Which on Ethereum may periodically face the problem of congestion of applications.
Whereas on other blockchains like Solana, USDC transactions can be faster and more expansive.

_{Founder/Date Founded:}

_‍USDC was launched in 2018 by CENTRE, a partnership between Circle and Coinbase.

_{Objective/Use Case:}

USDC is a stablecoin, which means its value is pegged to a stable asset.
In this case, it is the US dollar. It combines the transactional properties of cryptocurrency with the stable value of the dollar.
Used for buying, selling and other transactions without the volatility of other cryptocurrencies
And it is a link between fiat currency and other digital assets.

_{Total supply/Limit or Unlimited:}

The volume of USDC is dynamic and corresponds to the amount of US dollars deposited as collateral.
For every USDC token in circulation, the US dollar is reserved to ensure that the token is priced 1:1 against the US dollar.
The quantity can be increased or decreased as required.

_{Supply Deflation:}

USDC does not use any mechanism to regulate the value of cryptocurrencies in general. The number of tokens circulating in the system will depend on demand.
And it can be increased or decreased, but it will always correspond to the amount reserved in the form of US dollars.

This summary helps beginners understand the basics of USDC and its distinctive features within the realm of digital assets.
Because digital assets are developing rapidly
It is therefore essential to keep abreast of the news regarding the development and updating of digital assets.

_Source:‍

circle.com/en/usdc
circle.com/blog
coinmarketcap
circle.com/en/smart-contract-platform
USDC Whitepaper

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