USD Coin (StableCoin) Project OverviewAbout USD Coin
USDC is a fully collateralized US dollar stablecoin. It is an Ethereum powered coin and is the brainchild of CENTRE, an open source project bootstrapped by contributions from Circle and Coinbase. USDCs are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency in a 1 USDC:1 USD ratio. Issuers are required to report their USD reserve holdings frequently, and Grant Thornton LLP issues reports on those holdings every month.
"INTRODUCING USD COIN
"A stablecoin brought to you by Circle and Coinbase
"An open source, smart contract-based stablecoin
"True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added."
Source: Coinmarketcap.com
Website: centre.io/usdc
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Above you have the chart mapped with the Fib. levels.
Namaste.
