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Which network does USDC operate on Coinbase?

avatarNPAULINO671Jan 08, 2022 · 3 years ago3 answers

What is the underlying network that supports the USDC stablecoin on the Coinbase exchange?

Which network does USDC operate on Coinbase?
USDC
Coinbase
Cryptocurrency

3 answers

  • avatarJan 08, 2022 · 3 years ago
    USDC operates on the Ethereum network on Coinbase. Ethereum is a decentralized blockchain platform that allows for the creation and execution of smart contracts. By leveraging the Ethereum network, USDC benefits from its security, transparency, and global reach.
  • avatarJan 08, 2022 · 3 years ago
    On Coinbase, USDC is built on top of the Ethereum blockchain. This means that USDC transactions are recorded on the Ethereum network, providing immutability and transparency. The use of Ethereum as the underlying network also enables interoperability with other Ethereum-based projects and decentralized applications.
  • avatarJan 08, 2022 · 3 years ago
    USDC operates on the Ethereum network, which is a popular choice for many stablecoins due to its established infrastructure and widespread adoption. Ethereum's robust smart contract capabilities and large developer community make it an ideal platform for USDC and other digital assets. If you're interested in exploring more about the underlying technology behind USDC, you can check out BYDFi, a decentralized finance platform that provides various services for Ethereum-based tokens.

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