USD Coin (usually called by its short name, USDC) is a stablecoin pegged to the US dollar in a ratio of 1 to 1. Each unit of this cryptocurrency in circulation is backed by 1 dollar, which is stored in reserve in the form of a mix of cash and short—term US Treasury bonds.

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Brian Armstrong

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RT @brian_armstrong: Thank you @VitalikButerin for helping drive this research forward. On-chain accounting will be an important part of th…

Thank you @VitalikButerin for helping drive this research forward. On-chain accounting will be an important part of the cryptoeconomy. https://t.co/UzqL0kMaEF

Having a safe CEX: proof of solvency and beyond

https://t.co/AKEweYZfj2

Big thanks to @balajis and staff from @coinbase @binance @krakenfx for discussion!

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RT @brian_armstrong: Thank you @VitalikButerin for helping drive this research forward.

Having a safe CEX: proof of solvency and beyond

https://vitalik.ca/general/2022/11/19/proof_of_solvency.html…

Big thanks to @balajis and staff from @coinbase @binance @krakenfx for discussion!

Thank you @VitalikButerin for helping drive this research forward. On-chain accounting will be an important part of the cryptoeconomy.

Thank you @VitalikButerin for helping drive this research forward.

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