USD Coin

USD Coin is a dollar backed stable coin created by Circle and CENTRE open source consortium—which includes Coinbase.

💩 33%

Reviews for USD Coin

  • Kyle Samani on USD Coin Managing Partner at Multicoin Capital

    Coinbase is supporting USDC.

    This is going to be the on-ramp that enables millions of people to interact with Dapps without taking on balance sheet risk.

    Full review 🔑


  • Dan McArdle on USD Coin Co-founder of Messari

    Everyone seems to think that Tether's main problem is whether it's 100% backed...but it's main problem is that it's centralized. And GUSD and USDC are just Tether 2.0.

    Full review 💩


  • Matt Odell on USD Coin Co-founder of CoinPrices

    I don't think USDC will implode. I just don't think it is very useful. It's mostly just a marketing gimmick.

    Full review 💩
    Show thread Matt Odell on USD Coin


  • Qiao Wang on USD Coin Engineering at Messari

    Frankly, to this day, I feel 10x more comfortable holding USDC or GUSD than the Dai, because I trust the operational excellence of Coinbase and Gemini.

    Full review 🔑


  • Fred Wilson on USD Coin VC at Union Square Ventures

    Crypto dollars, like other crypto assets, ride on crypto rails. I can send my crypto dollars from my Coinbase wallet to your Coinbase wallet, your Ledger wallet, or many other crypto wallets.

    USDC is built on Ethereum and is an ERC-20 token. So it uses crypto standards to ride on these crypto rails.

    But more than all of that, USDC are programmable dollars. This is a big deal. Kind of like the difference between an MP3 file and song on a cassette tape. Once an asset is natively digital, without any strings attached, and can be programmed and routed digitally, interesting things happen.

    If you have cash balances in your Coinbase account, consider using at least some of them to buy USDC. Then send them around to friends and family. It will feel like using Venmo today. But that is just the start of a lot more to come once programmers start building apps that accept USDC and other crypto assets.

    Full review 🔑


  • Nic Carter on USD Coin Partner at Castle Island VC and Co-founder of Coinmetrics

    USDC might claim that it's playing nice but it's exploiting a arb between cosplaying as regulated and actually being regulated. they haven't blacklisted an address yet. it's effectively permissionless (with all the issues that inculcates) until regulators wake up.

    Full review 💩
    Show thread Nic Carter on USD Coin


  • Nick Tomaino on USD Coin Founder at 1confirmation

    For crypto exchanges, USDC is a good initiative because there’s clear demand for the product now and it can generate a new revenue stream (there’s interest to be earned on USD in banks as USDC adoption grows).

    USDC is inherently disadvantaged in the long-term though because it requires trust in a limited number of centralized parties to use it and lacks social scalability. Bankcoin is a better term for it in my opinion.

    Full review 💩


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