Coin Comparison and Review: USD Coin (USDC) vs Terra Luna Classic

USD Coin - USDC

Symbol: USDC

Name: USD Coin

Asset Platform: Ethereum

Categories:

@Mantle Ecosystem, Stablecoins, USD Stablecoin, BNB Chain Ecosystem, Solana Ecosystem, Polygon Ecosystem, Gnosis Chain Ecosystem, Arbitrum Ecosystem, Avalanche Ecosystem, Harmony Ecosystem, Moonriver Ecosystem, Near Protocol Ecosystem, Fantom Ecosystem, Moonbeam Ecosystem, Cronos Ecosystem, Metis Ecosystem, Arbitrum Nova Ecosystem, Velas Ecosystem, Optimism Ecosystem, Ethereum Ecosystem, ZkSync Ecosystem, Canto Ecosystem

Market Cap Rank: 6

Price Change (30 days):

6%

Description:

USDC is a fully collateralized US dollar stablecoin. It serves as the bridge between dollars and trading on cryptocurrency exchanges. The technology behind CENTRE enables the exchange of value between individuals, businesses, and financial institutions, similar to how email works among mail services and texts are exchanged between SMS providers. The mission of USDC is to create a more inclusive global economy by removing artificial economic borders.

Terra Luna Classic - LUNA

Symbol: LUNC

Name: Terra Luna Classic

Asset Platform: N/A

Categories:

@Smart Contract Platform, Decentralized Finance (DeFi), Cosmos Ecosystem, Terra Ecosystem, Fantom Ecosystem

Market Cap Rank: 98

Price Change (30 days):

-28.38%

Description:

Terra is a decentralized financial payment network that aims to rebuild the traditional payment stack using blockchain technology. Luna serves as the reserve currency of the Terra platform and has three core functions: to mine Terra transactions through staking, ensure price stability of Terra stablecoins, and provide incentives for the platform's blockchain validators.