What Is Gatehub USDC (USDC)?
Gatehub USDC is a stablecoin introduced by Gatehub on the XRP ledger, its value securely tied to the fiat-backed Circle USDC. Originally established as ERC-20 tokens on the Ethereum blockchain by Coinbase, Gatehub USDC represents a fresh issuance of the original USDC on the XRP Ledger. These issuances, such as Gatehub USDC, serve as tokens that can be exchanged for a fungible asset, including USD, EUR, GBP, gold, or other cryptocurrencies, on their respective native networks.
USD Coin (USDC) is a stablecoin that is meticulously pegged to the U.S. dollar at a 1:1 ratio. Each unit of this cryptocurrency in circulation is supported by a corresponding $1 held in reserve, comprising a combination of cash and short-term U.S. Treasury bonds. The Centre consortium, responsible for this asset, confirms that USDC is issued by regulated financial institutions.
This stablecoin initially launched on a limited scale in September 2018, with its primary aim being "digital money for the digital age." USDC is crafted to cater to a world where cashless transactions are increasingly prevalent.
USD Coin has introduced numerous use cases, serving as a secure haven for cryptocurrency traders during periods of market volatility. It also enables businesses to accept payments in digital assets, while also transforming various sectors, including decentralized finance and gaming.
In essence, the overarching objective is to foster an ecosystem where USDC is embraced by a wide array of wallets, exchanges, service providers, and decentralized applications (dApps). This initiative aims to maximize the acceptance and utility of USDC across diverse facets of the digital economy.
Although anyone can issue a crypto asset, it's essential for individuals or organizations to trust that the issuer can redeem it for the underlying asset if they want to accept payment in that asset. GateHub is one such organization that has gained the trust of its users.
One of the primary strengths of Gatehub USDC and other stablecoins is that they provide a fiat-denominated safe haven and a decentralized blockchain-based tool for value transfer.
Who Are the Founders of Gatehub?
Enej Pungerčar is the founder and CEO of Gatehub. GateHub is a platform for the Internet of Value, built on XRP Ledger protocol. It allows everyone to send, receive, trade and manage any type of assets.
What Makes Gatehub Unique?
Gatehub is a decentralized exchange running on top of the XRP ledger that offers various innovative features, including wallet protection and stablecoin issuance. Its user-friendly interface is easy to understand, enabling users to send money through email and even international wire transfers.
The Gatehub wallet provides support for not only XRP and over 100+ XRPL IOU tokens but also has multi-currency capabilities, enabling users to send and receive payments from any supported network. With the ability to instantly exchange assets using the best rates provided by multiple sources, Gatehub ensures the best possible exchange for its users.
Gatehub Transfer Fee
Gatehub's current policy on USDC tokens on the XRP ledger includes a transfer fee of 0.3%. This indicates that whenever USDC tokens are moved on the XRPL, a fee of 0.3% is charged on the transferred amount.
Read more about: Gatehub
Learn more about: Gatehub Ecosystem.
How Many Gatehub USDC Are There in Circulation?
There is an initial maximum supply of 88,887,199 USDC tokens, of which an estimated 88,887,199 are currently in circulation as of February 2023. Check out Gatehub.net to learn more.
Where Can You Buy Gatehub USDC?
Gatehub USDC is a token trading on the XRP ledger DEX, the most straight forward way to acquire USDC tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase Gatehub USDC, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the Gatehub ecosystem and any upcoming events, we suggest you follow @GateHub on Twitter.