Steemit Crypto Academy Week 7 Task: Stable coins - Part 2 | USD Coin | Posted for @yohan2on | Posted by @kawsar

Assalamu AlaikumMy Dear Steem Friends,This is @kawsar from Bangladesh.

• Today in this post I will share with you my homework Week 7 for @yohan2on. This week my favorite professor @yohan2on discussed Stable Coin part#2 for us. It was a very important lesson, I learned a lot from this lesson.

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There was homework this week.

Homework task: Write about any one of the following Stable coins.
USD Coin (USDC)
TrueUSD (TUSD)
Paxos Standard (PAX)
Digix (DGX)

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What is USDC?

USDC is a one of the Ethereum Bloakchain Based digital stablecoin on Cryptocurrency Market. USDC is pegged to the United States dollar. Each USDC is backed by a USD held in reserve. USDC was first announced 15 May 2018 by Circle and USDC launched in September, 2018. USDC started by crypto exchange Coinbase and peer-to-peer payment company Circle. Circle and Coinbase are the first commercial issuers of USD Coin. USD Coin is developed by the Centre consortium. Circle was founded by the Sean Neville and Jeremy Allaire in 2013. Circle is an official Money Transmitter and circle makes the company an open financial book.

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USD Coin Price

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How to Use?

Redeem Your USD Coin With Circle. must be you need to register an account and Complete KYC for Verify your Account. Then add a Legitimate Bank account. Circle USD Coin doesn’t charge user for Tokenize & redeem service. They is $50 comission for every rejected bank account and incorrect bank account. But Coinbase always standard fees apply. Circle Have four core action every USDC user.

• Redeem
• Tokenize
• transfer ERC20 ethereum address.
• Deposit USD Coin From Externel ethereum wallet.
  Minimum Redeem $100 Usd. Transaction process maximum 24 hours. No minimum amount for tokenized.

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Where Can You Get USD Coin?

• Binance (paired with BTC, BNB)
• CoinEx (paired with USDT).
• Coinbase Pro (paired with BTC, ETH)
• Crex24 (paired with USD).
• OKEx (paired with BTC, USDT).
• Kucoin (paired with BTC, ETH, USDT).
• CPDAX (paired with BTC).
• Coinsuper (paired with BTC, USD).
• COSS (paired with BTC, ETH).
• SouthXchange (paired with BSV, DASH).
• Korbit (paired with KRW).
• Hotbit (paired with USDT).
• FCoin (paired with USDT).
• LATOKEN (paired with BTC, ETH).
• Poloniex (paired with BTC, ETH, LTC, BHC, STR, XRP, DOGE, ZEC, XMR).

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Where can I Buy/sell USDC?

USDC can be purchased with several crypto exchanges Such As: Binance, Okex, Coinbase Pro, Poloniex etc. Any person USD Coin purchased with fiat directly through Coinbase or other issuer website directly with an individual or institutional account easily and USDC can be sold at 1:1 for USD through Coinbase or Circle, Ltd.

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USD Coin Chart

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Merits of USD Coin?

Coinbase Feature: USD Coin Supported for exchange on crypto exchange Coinbase. Its exchange rate of 1:1 Ratoi (USDC:USD). USD Coin Can easily withdraw to bank account. Its a really very opportunity for every USDC user.

Audits: accounting firm Grant Thornton Every Month Audits are performe regularly. Grant Thornton ensure that USD Coin is backed 1:1 ratio by US Dollars in segregated bank accounts. Circle publishes this reports regularly.

Regulated Company: Circle Ltd. is regulated and licensed by (New York State Department of Financial Services) NYSDFS to do business in the United states.

Exchange: USD Coin traded on a majority of the biggest cryptocurrency exchanges. Such as Binance, kucoin, hotbit etc.

Market: Great market liquidity on BTC/USDC pairs on many international exchange market like Binance, coinbase, huobi, kucoin.

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Conclusion

Coinbase Exchange has expanded USD Coin availability to more than 100 countries in worldwide. USD Coin is a highly transparent Stable Coin in cryptocurrency market. Each USDC value is United states dollar. The live USD Coin price today is $1.00 USD with a 24-hour trading volume of $1,689,393,480 USD. USD Coin is up 0.04% in the last 24 hours. The current CoinMarketCap ranking is #12.