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USDC


Stablecoins
What are the best USDC alternatives?

We have 3 alternatives to USDC. The best USDC alternatives are Binance USD, Tether, and Dai.


What is USDC?

USD Coin, or USDC, is the second most popular stablecoin of all behind Tether, and the fourth largest crypto of all by market cap at this time. USDC is a fully backed stablecoin, designed to always be pegged one to one with the US dollar, and used to hold value for later use or to send or receive funds. USDC was created in 2018 by Centre, is backed by industry giants Coinbase and Circle, and has partnerships with Bitmain, the mining giant, along with banks Silvergate and US Bankcorp Asset Management (USBAM.) USDC is continuously audited by Grant Thornton, LLP. USDC was the first stablecoin listed on Coinbase. USDC is backed by dollar assets of cash and treasuries. USDC had a minor controversy when 9% of reserves were discovered to be in commercial paper but has now stopped that practice. USDC is growing quickly and briefly passed Tether during a Tether controversy before moving back.


What platforms does USDC run on?

USDC runs on Web.



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stablecoin usd stablecoin

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Screenshot of USDC.

USDC alternatives

1. Binance USD

Binance USD logo
  • Category: Stablecoins
  • Platforms: Web
  • Tags: stablecoinusd stablecoin
An image of Binance USD.

Stablecoins have been the key factor behind the boom in the cryptocurrency market in recent years. Binance USD, or BUSD, is the stable coin developed by Binance and Paxos pegged at a 1:1 ratio to the U.S. dollar. BSUD was a project that was born to help make transactions in...

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2. Tether

Tether logo
  • Category: Stablecoins
  • Platforms: Web
  • Tags: stablecoinusd stablecoin
An image of Tether.

Tether was founded in 2014 as Mastercoin, and went into use in 2015. Tether is a stablecoin, which is always pegged one to one with the US dollar, and is used as a "safe haven" or a place to store funds prior to trading. Tether is by far the most...

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3. Dai

Dai logo
  • Category: Stablecoins
  • Platforms: Web
  • Tags: stablecoinusd stablecoin
An image of Dai.

Dai is a stablecoin, designed to stay pegged to the US Dollar. Dai was created in 2014 and launched on the Eth mainnet in late 2017. Dai was created as an over-collateralized algo stablecoin based on MakerDAO smart contracts, where depositors put up 150 dollars in collateral for every 100...

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Reviews



2022-06-21 17:03:57

USDC is backed by a combination of crypto properties and the guarantee of its value which is granted by major cryptocurrency giants