Which blockchain does USDC operate on?

RupaJan 05, 2022 · 3 years ago3 answers

Can you tell me which blockchain the USDC operates on? I'm curious about the underlying technology behind this stablecoin.

Which blockchain does USDC operate on?

3 answers

Jan 05, 2022 · 3 years ago
USDC operates on the Ethereum blockchain. It is an ERC-20 token, which means it follows the technical standards set by Ethereum. This allows USDC to benefit from the security and decentralization of the Ethereum network.
Jan 05, 2022 · 3 years ago
USDC is built on top of the Ethereum blockchain. This choice was made because Ethereum is one of the most established and widely used blockchains in the cryptocurrency industry. By leveraging Ethereum's infrastructure, USDC can enjoy fast and secure transactions.
Jan 05, 2022 · 3 years ago
USDC operates on the Ethereum blockchain. Ethereum has gained a lot of popularity in the crypto space due to its smart contract capabilities and large developer community. By choosing Ethereum, USDC ensures compatibility with a wide range of wallets and exchanges.

Related Tags

Tax Liability
x 2901063
Tax Rules
x 2822365
Crypto Investors
x 2627368
Taxes
x 2430690
Cryptocurrencies
x 2241109
Cryptocurrency
x 1842389
Tax Implications
x 1750999
Tax Reporting
x 493341
Reporting
x 220309

Hot Questions

What are the advantages of using cryptocurrency for online transactions?

How can I minimize my tax liability when dealing with cryptocurrencies?

What is the future of blockchain technology?

What are the tax implications of using cryptocurrency?

Are there any special tax rules for crypto investors?

What are the best practices for reporting cryptocurrency on my taxes?

How can I buy Bitcoin with a credit card?

How does cryptocurrency affect my tax return?