USDC (USD Coin) is the second largest stablecoin with a market capitalization of about 460 million DOLLARS. USDC is a stablecoin linked to the U.S. dollar. It is issued by the CENTER Alliance, a joint venture between EXCHANGE giant Coinbase and Goldman Sachs 'Circle. The USDC published by CENTER also boasts that it can be exchanged for one dollar and provides regular account information to reassure users. Grant Thornton LLP, a top-five accounting services firm, checks and makes the information public every month. Let users clearly know whether the USDC on hand has enough DOLLARS as collateral.

The USDC is a stabecoin backed by US dollars and backed by CENTRE, a technology project set up by Circle and Coinbase, which was launched to create stability in the rapidly changing cryptocurrency market while restoring trust lost in the crypto community during the controversy surrounding Tether's early days.

Circle has assuage investor fears with the USDC, which is designed to help investors hold and compete with USDT, a controversial staboin issued by Tether. USDC is in high demand.

USDC is based on the ecosystem of the Big Harvest series of currencies, or the two are complementary, DFS is the flat Taiwan dollar, USDC is the platform's algorithm stable currency, and the other currencies are different areas of the system expansion. USDC mechanism has at least realized the current 80 days of long-term high-yield liquidity mining, which provides a very good foundation for the establishment and construction of the initial stablecoin consensus. From the project side, the USDC was "marketable" quickly and smoothly over the course of 80 days, leading people to believe that the USDC had value, although the exact value was ambiguous and needed long-term market price discovery to become clear.

USDC has the second largest market share among staboins and accounts for almost half of the emerging staboin market. Staboins are available in most places where they are needed. Circle, the issuer behind USDC, is the company with the largest number of licenses in the crypto asset industry in the world. Currently, it has payment licenses in the United States (including New York State BitLicense), the United Kingdom and the European Union, so it has a compliant access to the three major currencies of US dollar, British pound and euro in and out of crypto assets.

Like other staboins, the USDC is algorithmically linked to the value of the DOLLAR, so it is "stable" relative to that currency (the DOLLAR). This makes spending cryptocurrencies as easy as cash, and for investors, it's also easy to invest in and out of cryptocurrencies.

USDC was born with a golden key, and the most interesting thing is Circle's history of highly qualified financing. Since its inception, Circle has been favored by global capital and successfully raised five rounds of financing. Bitmain led the $110 million series E round. Compared with other stablecoins endorsed by fiat currencies during the same period, USDC has more advantages in security and transparency.

At present, there are 57 stablecoins in the world. In the stablecoin market, USDT occupies an absolute leading position with a market share of more than 80%. However, USDT has suffered several crises of confidence, leading to severe price volatility. Other staboins are also taking advantage of the market opportunity, accelerating the issuance of staboins, hoping to take a share of the market. Among stablecoin emerging markets, USDC performs best, ranking second with a market share of about 7.5%.

USDC came in a big way, and digital assets with the "stablecoin" label immediately attracted the attention of many investors. In terms of market share, stablecoin ranks second and has great development prospects in the future. But there are other voices in the market questioning the future of USDCS. Circle is still vague on transparency, which is a huge drag on USDC's future development. 1. Are cryptocurrencies an "approved investment" under the USDC? 2. Are bonds of cryptocurrency-based companies (traders, exchanges, miners) an "approved investment" by the USDC? 3. When will USDC provide a full breakdown of its reserves, showing that they invest only in safe investments, similar to what Fidelity SPAXX publishes? Fidelity SPAXX can be audited, so USDC can be audited. When will the USDC audit its reserves? For example, to prove that there is no cryptocurrency speculation in the reserve. 5. "Approved Investment" details for March 2020 and April 2020. Did Circle make an emergency loan to traders in March 2020 to intervene in the cryptocurrency market? For most investors, failing to adequately answer these simple questions makes us wonder whether Circle's USDC products are safe.

Decentralization requires more trust than traditional applications. Because smart contracts automate all processes, they require complete trust between all codes in the process of creating them. Token projects like USDC have certain centralized attributes. When applied to all projects on a large scale, all the trust of these projects will be concentrated in a centralized single point. This single point of control is the godlike model for the whole decentralized ecology. At this point, the leakage of the key of a single agent contract may cause the collapse of the entire decentralized ecosystem, resulting in countless projects being hacked and countless tokens lost. Conversely, a centralized single point, though not hacked, has the authority to control the entire decentralized ecosystem, and token managers can use the same tools to disrupt or shut down any project that integrates it. It can be seen that in the large-scale application process of USDC, the risks of the whole decentralized ecology are all concentrated on the agency contract of THE centralized control of USDC, which provides the god mode of the whole ecology for the management organization of USDC.

As a stable currency, USDC can be used for hedging risk and cross-border transactions; At present, in the USDC ecosystem, many partners have started to use it to achieve smart contracts, electronic invoices, payment and settlement functions; In the future, more transaction scenarios can be extended to meet customer requirements depending on the stable price attribute of USDC, such as using USDC to complete commodity payment, loan, reimbursement and other services. In stabocoin market, USDT occupies an absolute leading position with a market share of over 80%. However, USDT has suffered several crises of confidence, leading to severe price volatility. Other staboins are also taking advantage of the market opportunity, accelerating the issuance of staboins, hoping to take a share of the market. Among stablecoin emerging markets, USDC performs best, ranking second with a market share of about 7.5%. If the USDT goes wrong, the biggest beneficiaries are other stablecoins. So if you are holding stablecoins, you can also hold some of the stablecoins outside the USDT to hedge against a possible black swan of the USDT in the future.

Coinbase, one of the world's three largest exchanges, will support digital payment platform Circle to hold USdcs with its cash and short-term Treasury bills starting in September 2021, according to cryptocurrency trading company Coinbase (Coin.us). "This is what we want," Emilie Choi, Coinbase's president and CHIEF operating officer, said on social media. The USDC is the largest stablecoin by market cap, with a market cap of about $28 billion, meaning that each token is backed by reserves of $1. Circle, the issuing company behind USDC, currently owns payment licenses in every state except Hawaii in the United States, the United Kingdom and the European Union, as well as BitLicense in New York State. It is the company with the largest number of licenses in the crypto asset industry in the world, and has a compliant access for entering and leaving crypto assets in DOLLARS, pounds and euros. Its stable currency USDC, the ability to serve the global security compliance and transparent financial audit, will be a good solution to the market pain points, quite attention.