EGG is now tradable ! Harvest some to boost your APY

Discover the USDC / EURS pool and start boosting your yield by mining liquidity on Uniswap from Cocoricos.
Volume (24h) : $ 462 098
Market Cap : $ 13 872 483

USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions.

The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coins mantra is digital money for the digital age and the stablecoin is designed for a world where cashless transactions are becoming more common.

Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto traders in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of sectors including decentralized finance and gaming.

Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

EURS, produced by STASIS was developed to tokenize the traditional fiat asset known around the world as the Euro.

EURS mirrors the value of the Euro on the blockchain, and is said to be supported by liquidity assurance mechanisms combining the benefits of a global fiat with the transparency, immutability and efficiency of the blockchain.

According to their website, all tokens are fully backed by 1:1 collateral reserves. The company aims to promote transparency by providing daily statements from account providers along with weekly verifications and quarterly audits by a top 5 global accounting firm.

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