USDC

What Does USDC Mean in a Text?

Trading in Crypto

TikTok is rammed with get-rich-quick schemes based on the cryptocurrency market. However, despite all the innovation and potential for long-term growth with cryptocurrency, the market remains highly volatile. Yes, this offers the potential for high returns quickly, but it also means lightning-fast losses are also a possibility. If you're planning to trade, get familiar with the cryptocurrency terms, do your own research, and know the risks. Here is the term you're looking for:

USDC means "USD Coin Cryptocurrency."

More Observations...

USDC Coin is a cryptocurrency stablecoin, launched in 2018, the value of which is pegged to the US dollar (USD) at the rate of one USDC coin to one USD. USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. It is not issued by the US government, but USDC tokens can be changed back to USD at any time. USDC is an alternative to other USD backed cryptocurrencies, such as Tether (USDT) and TrueUSD (TUSD).

Image for USDC

When I write USDC, I mean this:

"USD Coin Cryptocurrency"

Summary of Key Points

"USD Coin Cryptocurrency" is, by far, the most common meaning for USDC when it is used in a text. (Bear in mind that it could have another meaning if used in a different context.)