I'm trying to understand what USD stands for in the context of cryptocurrency. I've seen it used frequently but I'm not sure if it has a special meaning in this domain, or if it simply refers to the US Dollar as usual.
6
answers
Isabella
Mon Mar 10 2025
This digital asset is designed to maintain a stable value by being pegged to the United States dollar.
Alessandra
Mon Mar 10 2025
USDC provides a way for individuals and businesses to transact using blockchain technology while mitigating the volatility often associated with cryptocurrencies.
Elena
Mon Mar 10 2025
Unlike central bank digital currencies (CBDCs), USDC is not issued by a government or central bank.
SejongWisdomSeeker
Mon Mar 10 2025
Instead, it is a privately issued stablecoin that operates within the decentralized financial ecosystem.
Daniele
Mon Mar 10 2025
USD Coin (USDC) is a stablecoin issued by Circle.