USDC (USDC) price to USD & live value of today

USDC (USDC) provides a fully collateralized US dollar stable coin, and is based on the open-source asset-backed stable coin framework developed by CENTRE. The project is the result of a collaboration between Circle and Coinbase.

The goal of USDC

According to the project, a price-stable currency such as the US dollar (and similar stable currencies such as EUR, GBP, JPY, RMB, etc.) is critical for enabling mainstream adoption of blockchain technology for payments. And also to support maturation in financial contracts built on smart contract platforms, such as tokenized securities, loans, and property.

USDC technology

Users who onboard through a USDC issuer can transfer funds into the system; the issuer then executes a series of commands with the CENTRE network to verify, mint, and approve USDC tokens, and the user can transfer those tokens elsewhere as they see fit (subject to the token’s compliance controls).