The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z). The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…
USDC
USDC Stablecoin Explained
USDC (USD Coin) is a stablecoin pegged to the US dollar's value. It is built on the Ethereum, Algorand, Stellar, and Solana blockchains. USDC is issued by regulated financial institutions that have undergone a strict auditing and reporting process. These institutions hold actual US dollars in reserve and issue USDC tokens on a 1:1 basis. This means that for every USDC token in circulation, an equivalent amount of US dollars is held in reserve. USDC aims to provide a stable…
Block Education
@BlockEducation
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