What is USDC? USD Coin (Explained with Animations)

What is USDC? USD Coin was developed in 2014 by the Centre consortium, a partnership between the Circle and Coinbase teams. In this lesson, you will learn What is USDC? Who created It? How does USDC Work? What is a USD Coin? and What my thoughts are on it.

USD Coin (USDC) is a #stablecoin, a type of #cryptocurrency that essentially tokenizes fiat currencies, baskets of currencies, and other assets such as gold, putting them into the digital realm. A stablecoin is a decentralized digital asset that lives on the blockchain and is pegged to a fiat currency to stabilize it against the volatility of other cryptocurrencies. One USD Coin is equal to one US Dollar. Watch our video to learn all about this digital asset. #whatisusdc4

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