What is the network used by USDC on Coinbase?

3 answers

• Dec 26, 2021 · 3 years ago
  USDC (USD Coin) on Coinbase operates on the Ethereum network. It is an ERC-20 token, which means it follows the technical standards set by Ethereum for creating and managing tokens. This network allows for fast and secure transactions, with low fees compared to traditional banking systems. By leveraging the Ethereum network, USDC benefits from its widespread adoption and infrastructure, making it easily transferable and usable across various platforms and wallets.
  468234
• Dec 26, 2021 · 3 years ago
  USDC on Coinbase is built on the Ethereum network, which is one of the most popular and widely used blockchain networks in the world. This choice provides USDC with a high level of security and decentralization, as transactions are recorded and verified by a network of computers around the globe. Additionally, being on the Ethereum network allows for easy integration with other decentralized applications (dApps) and smart contracts, expanding the utility and potential use cases of USDC.
  491164
• Dec 26, 2021 · 3 years ago
  USDC on Coinbase is powered by the Ethereum network, which ensures its stability and reliability. As an ERC-20 token, USDC benefits from the Ethereum network's robust infrastructure and community support. The Ethereum network has a proven track record in the cryptocurrency industry and is trusted by millions of users worldwide. By utilizing the Ethereum network, USDC offers seamless interoperability with other Ethereum-based tokens and applications, enhancing its usability and accessibility.
  496124