On this occasion I want to talk about stableCoin, or share a little information about stebleCoin.

USDC is a backed stablecoin, and its price is fixed, USDC was also supported by the US dollar in 2018 by a consortium of companies, the company name is Centre. USDC is the ERC-20 standard of Ethereum, USDC is already the second ranked stablecoin in the world by market cap.

A stablecoin is also pegged to an asset or group of assets that is 'stable' in the form of a cryptocurrency, such as a local fiat currency, or a commodity such as gold. USDC is also pegged to US dollar assets, every 1 USDC, has 1 US dollar as the handle.

USDC tokens can be purchased from the issuer directly, or through EXCHANGE such as LUNO. If you have received USDC through an exchange, even if it is not from the issuer directly, but from a third party, the token will always be able to be exchanged to the issuer.

The difference between USDC and other stablecoins, such as Tether, is that its issuers state that they are regulated financial institutions with high corporate management standards, and are required to provide full transparency on a regular basis, in order to ensure that their deposits are held in a 1:1 ratio with their fiat currency equivalent.

USDC issuers are also required to report their USD holdings, then published by accounting firm Grant Thornton LLP on a monthly basis. This monthly report is also available online for those who wish to read it.