Earlier, U.Today reported that Coinbase along with Circle startup has launched a USD-pegged token — USD Coin (USDC). The coin is based on the Ethereum’s ERC20 standard. The coin is already trading on Coinbase.
Advertisement
The coin can be stored on the Coinbase Wallet as well as on Ethereum-based wallets, including Ledger Nano S.
Dogecoin (DOGE) Shows Trend Reversal Potential, Massive Bitcoin (BTC) Breakout: What's Behind It? Toncoin (TON) $6 Target Extremely Close
SEC's Controversial Term Is Catching Up with It, Ripple's Top Lawyer Says
Dogecoin (DOGE) Skyrockets 1,757% in Bullish Whale Activity
BlackRock Exec Makes Bullish Bitcoin Prediction
However, Circle is keeping all USDC accounts under a severe control. That means that all USD Coins can be frozen and user accounts eliminated if the creators of the coin decide that users are engaged in an illegal activity. A similar feature was reported about XRP in the media at the start of the year, which made a great number of crypto enthusiasts sell their XRP stacks.
Advertisement