- Fast speed of transfers.
- Its future prospects have made users more and more interested.
- Anyone can make deposits of dollars they have stored in their bank accounts and convert them into tokens.
- All USDC tokens are regulated, transparent, and fully verifiable.
- Assets are always at risk of sale
- Tokenization process could take two business days.
USDC uses the ERC20 standard to work and it is based on the Ethereum blockchain. USD Coin (USDC) aims to prioritize the development of an efficient mechanism for conducting financial operations. It is a dollar-backed token based on an open source stable source framework developed by Center. Thanks to Coinbase, you can store your USDC with the Coinbase Wallet.