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Published 20 days ago

Cardano Founder Charles Hoskinson Labels USDC As Early CBDC

Summary by Coingape

In a notable statement, Charles Hoskinson, the founder of Cardano, recently drew attention to USD Coin (USDC) by labeling it as an early Central Bank Digital Currency (CBDC). This characterization sheds light on the growing significance of stablecoins like USDC within the broader cryptocurrency landscape. USDC operates as a stablecoin, maintaining a 1-to-1 peg with the U.S. dollar by being fully backed by fiat currency assets. This backing ensur…

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Cardano Founder Charles Hoskinson Labels USDC As Early CBDC

In a notable statement, Charles Hoskinson, the founder of Cardano, recently drew attention to USD Coin (USDC) by labeling it as an early Central Bank Digital Currency (CBDC). This characterization sheds light on the growing significance of stablecoins like USDC within the broader cryptocurrency landscape. USDC operates as a stablecoin, maintaining a 1-to-1 peg with the U.S. dollar by being fully backed by fiat currency assets. This backing ensur…

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