Crypto Conversation: USDC Gets an Upgrade

What’s hot in crypto this week? 

USDC — or USD Coin — which is a “stablecoin” set to the U.S. dollar. It is issued by Coinbase and Circle, through a joint venture called the Centre Consortium, and has secured all required licensing to operate in the United States.


USDC just underwent a major upgrade that will essentially bring it closer to use in what resembles a traditional mobile payment app. The upgrade will allow services that offer the token to pay transaction fees for their users, or present and deduct the fees in USDC. This gets close to resembling a typical mobile payment app in which customers can send and receive USDC payments to peers solely using USDC.