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A comment on Coinbase suspending USDC:USD conversions over the weekend. Parent comment

Re:Coinbase suspending USDC:USD conversions over the weekend by seanhunter on Saturday March 11, 2023 @07:48AM (#35107883)
Stablecoins are a cryptocurrency that conforms to the ERC-20 standard[1] so they can be used in blockchain applications that want something that implements that. USDC/USDT are therefore the closest things to USD that can be used in that way.

Obviously people differ as to the utility of those applications but that's what the "C" gets you. You can do those things if you want to. Of course there's quite a lot you can do with actual dollars that you can't do with USDC so you give up a lot also.

[1] https://ethereum.org/en/developers/docs/standards/tokens/erc...

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Re:Coinbase suspending USDC:USD conversions over the weekend by EVa5I7bHFq9mnYK on Saturday March 11, 2023 @11:56AM (#35110159)
Most stablecoins conform to TRC-20 standard, on TRON network. Ethereum use is being phased out because of high fees.
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