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    Comparing USDC Transactions: Solana vs. Ethereum

    Recently, Visa unveiled plans to expand its program to a second blockchain that also supports native USDC, Solana after launching a pilot settlement program using USDC on the Ethereum blockchain earlier in 2021. In this dashboard you can track USDC-related activities in Ethereum and Solana in your desired time-frame and compare them together.

    Intro and methods

    ⚫USD Coin (USDC) is a relatively fresh stablecoin pegged to the US dollar. It was launched on September 26, 2018, in collaboration between Circle and Coinbase. USDC is an alternative to other USD backed cryptocurrencies like Tether (USDT) or TrueUSD (TUSD).

    In a nutshell, USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. Besides, USDC tokens can be changed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with smart contract.

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    ⚫In this dashaborad we comapre these USDC ralated activites:

    Transfers and interactor addresses, fees and cost of the transfers, popular destinations in each chain to spend USDC, price health.

    Note: All the written insights are based on weekly time-frame, starting from 2023-01-01.

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