With more than $50 million in loans originated this year across several platforms, Circle’s stablecoin USDC is emerging as a major force in DeFi.
USD Coin price
About USD Coin
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. USDC is an Ethereum token and is the only fiat-backed stablecoin currently supported by Coinbase.
Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.
Alex Obadia leads Research and Platform efforts at Cambrial Capital, a fund of crypto funds based in London and Berlin. The post Exploring DeFi trading strategies: Arbitrage in DeFi appeared first on The Block.
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