USD Coin – New Cryptocurrency Introduced to You by Goldman Sachs

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: Red-Apple on May 24, 2018, 07:56:22 AM

to be 100% clear this is NOT created by Goldman Sachs.
it is created by a company that Goldman Sachs has invested in called "Circle" that is a little different and this company is still a bit shady in my opinion as it is buying its way into every market aspect, they have bought poloniex IIRC and now this coin!
i hope we don't end up seeing another bitfinex.

I am not have much knowledge about the USDC until now but after coinbase have added USDC into their wallet and exchange then it looks like more people have started using this as their stable coins over USDT and it also maintain the price much stable than other coins.

CP_Processor

jr. member

Activity: 252

Merit: 1

Dear community, here is the first in the series of stablecoin reviews performed of the USD COIN (#USDC).

The goal is to further raise awareness on stablecoins, and help people understand how they work and what is their overall potential.

Hope you will find them useful!

https://medium.com/cp-processor/stable-coin-review-usd-coin-usdc-c7cf78c81dfb

Red-Apple

hero member

Activity: 1470

Merit: 655

to be 100% clear this is NOT created by Goldman Sachs.
it is created by a company that Goldman Sachs has invested in called "Circle" that is a little different and this company is still a bit shady in my opinion as it is buying its way into every market aspect, they have bought poloniex IIRC and now this coin!
i hope we don't end up seeing another bitfinex.

martychubbs

hero member

Activity: 742

Merit: 503

Excuse me man, but it sounds very suspicious, how wuold you handle with crypto related volatility of that coin for example?

poodle63

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Activity: 2702

Merit: 510

Leading Crypto Sports Betting & Casino Platform

Quote from: Bittalk12 on May 19, 2018, 12:33:26 PM

A new altcoin that is equal to USD but this time, it was backed by an American multinational investment bank and financial services company, The Goldman Sachs Group, Inc. Now this is more interesting! A new competitor of USDT and TUSD is coming to town which is more charismatic and stronger than those two. Seems like a good news for cryptocurrency.

At least this one will be more reliable compared with tether. i can't even imagine this one. There is a competition between the stable currency because we know that the majority of exchange sites are using tether as the main pair of the various exchange sites right now. Man this is interesting to watch.

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

Hmmm, What is the main difference from USD Tether, even though they got some bad accusation view times ago, but seems like all major exchange still rely on USD Tether. Other than that, don't many stable coin, one good and reliable stable coin is enough.

ginobitcoiner

full member

Activity: 700

Merit: 101

BBOD Trading Platform

what symbol will they use for USD coin this later?
I think this coin is very interesting and promising to be used in daily life, because the exchange rate is fixed or unchanged.
maybe USD coin will be the toughest rival of Tether.

steplaza

newbie

Activity: 175

Merit: 0

"The USD Coin is being run on a blockchain known as ethereum, but Allaire said they're open-minded about other platforms if any come to market that can outperform."

Is this supposed to mean that this currency will be an ERC20 token? In that case thia could be beneficial to ETH too

ABMARK

newbie

Activity: 168

Merit: 0

It sounds very interesting. I hope this will become famous within a very short time.
I will invest on this coin if they are able to bring exchanges like this.

AlphaWolf

full member

Activity: 217

Merit: 120

Presale is live!

What is this? Another tether? I remember reading yesterday on a thread that a lot of the new coins coming into the market right now are just copies of coins which are already in the market and rebranded with another name and icon and now looking at this, I cannot help but think that they were right. We need more originality if new coins have any hope of survival in the coming years

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: summerblock on May 17, 2018, 06:51:26 AM

Interesting, sounds a lot like tether. Maybe it will catch on and will be available in exchanges as an alternative. Right now, I don't like to rely solely on USDT for my needs of keeping some cash on exchanges.

Its indeed sound like Tether. Well its a good hedge for the market volatility but I don't think it will gain traction in the community if Goldman Sachs introduced this kind of coin.

What will be the advantage then? Its gonna be redundant as US dollar and what you gonna with it? Just sit on the exchange? I don't know but for me I will not buy this kind of hype.

Brianlee0112

newbie

Activity: 294

Merit: 0

This sounds really interesting and I am very curious about it and will invest into it maybe. I know some will find it redundant as we can do the same using a debit or credit card but I think a new think is being introduced into crypto and we should appreciate it.

BQ

member

Activity: 616

Merit: 53

CoinMetro - the future of exchanges

Isn't part of the idea of crypto to replace worthless fiat backed by nothing?
Kinda seems like a misstep, but we already use Tether so, why not.
Maybe it'd help adoption, and Tether seems to be in trouble, so if a reliable and trustworthy replacement came, that'd probably do good.

Bittalk12

member

Activity: 434

Merit: 11

A new altcoin that is equal to USD but this time, it was backed by an American multinational investment bank and financial services company, The Goldman Sachs Group, Inc. Now this is more interesting! A new competitor of USDT and TUSD is coming to town which is more charismatic and stronger than those two. Seems like a good news for cryptocurrency.

entemeister

jr. member

Activity: 166

Merit: 1

This stablecoin can bring important changes to the market. Circle, the startup that is going to create this stablecoin, owns Poloniex. Therefore, it's quite possible that Poloniex will use it as a stablecoin and that other exchanges do the same. We will have to see how this affects Tether, taking into account the doubts that there are about Tether and that behind this new currency will be Circle and Goldman Sachs.

pauline_78

newbie

Activity: 252

Merit: 0

There is a great deal of coin in the domain of the cryptographic money advertise. Presently the market is brimming with a huge number of coin and a few are coming step by step. In any case, we can't state that the greater part of the coins is useful for contributing. Be that as it may, we can say something great with surety in regards to the bitcoin. Bitcoin has a type of adjustment and it is currently especially well known among the crypto financial specialists. Try not to dawdle by contemplating others.

Nivelir

full member

Activity: 588

Merit: 100

Well, I think that banks have finally realized that today crypto currencies are a very promising direction in real life, many today do not understand what crypto currencies are, but you have a chance today to become richer, use the crypt, but do not use Tethere and this project.

tomwell

newbie

Activity: 294

Merit: 0

That's great! Crypto currency is bringing change everyday! I think this coin will bring an evolutionary change in the crypto world. There're many compititors out there for USD in the markt. I hope it'll survive all of them. I'm hopeful towards it.

mktpromp

newbie

Activity: 294

Merit: 0

Nice sharing. I believe that buying a new crypto depends on some point of analysis like the company of the token, in which sector they are operating their business. Considering some other more facts, if it seems well, I will surely buy the new crypto.

JaekRock

jr. member

Activity: 79

Merit: 1

Interesting. Successful or not, large global investment firms like GS entering the crypto space should hopefully soften the general acceptance of crypto as a viable and useful asset medium.

Topic: USD Coin – New Cryptocurrency Introduced to You by Goldman Sachs (Read 265 times)