Hello..!!

My Dear Friends
This is @ns-porosh from Bangladesh 🇧🇩

How are you all? I Hope all is well by the grace of Almighty God.I am also good by the grace of God.At first of all thank you to the sir @yohan2on. Your lesson provides a lot of information on homework tasks.

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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 USD Coin?

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USD is a stable US dollar currency.It is a digital currency.It was first announced by the USD Coin Circle on May 15, 2018 and was launched in September 2018.Unlike other cryptocurrencies, USD coins do not fluctuate in price and can be easily traded.The USD coin is an Ethereum-powered currency and it is bootstrapped with the contribution of the Center's Brainchild, an open source project, and Coinbase.USD coins can be tokenized in US dollars through public blockchains. Again USDC tokens can be returned in US dollars at any time.They can be moved anywhere in the world within minutes of bringing US dollars to the blockchain.

How to get USD Coins

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1.First create and login to your Coinbase account.

2.Change USD coin at a proportion of US$1.00 for 1 USDC with no fees.

3.Convert back to Coinbase in dollars or send elsewhere.

Tokenization

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The process of backing each USDC token with a single US dollar is called tokenization.

USD into USDC are tokenized through a three-step process:

1.First, you need to make a transaction by sending US dollars to a user's bank account.

2.The issuer will then need to create an equivalent USDC using a USDC smart contract.

3.The newly produced USDC is then sent to the user, while the replaced US dollars are kept in reserve.

Where and how to buy USD Coin

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Exchange name:

• Binance Binance

credit system:

• Cryptocurrency
• Credit card
• Debit card
• Banxa

Fiat currency:

• USD, AUD,
• EUR, GBP,
• NZD, CZK + 46 others

Coins supported:

• BTC, ETH,
• LINK, BNB, TRX + 181 others

USDC Price/Value and 24 Hour Market Vol. / 24h low & 24h High

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USD Coin Markets

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USDC Chart

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Advantages

• USDC has grown rapidly, considering open standards and smart contracts in stable markets around the world.

• USDC We can easily trade and buy and sell easily.

• It is a stable currency so there is no chance of our capital going to zero and no loss.

• It is the most secure and reliable compared to existing payment systems.

Thank you sir @yohan2on for this beautiful lesson. I hope I was able to meet the requirements of this homework work.