Is USDC a layer 1 or 2?

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Is USDC a layer 1 or 2?

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Cassidy · Answer 1 · 2024-03-19T07:52:14+0000

USDC (USD Coin) is a layer 1 cryptocurrency, as it is built on the Ethereum blockchain as an ERC-20 token.

Kelvindhope · Answer 2 · 2024-03-22T21:38:21+0000

USDC (USD Coin) is actually not a layer 1 or layer 2 solution. USDC is a stablecoin that is built on the Ethereum blockchain as an ERC-20 token. It operates on the layer 1 of the Ethereum network, which is the base layer of the blockchain that processes transactions and smart contracts.

Kelvindhope · Answer 3 · 2024-03-22T21:39:05+0000

USDC is a layer 1 stablecoin, meaning it operates on the base layer of a blockchain network. It is built on the Ethereum blockchain as an ERC-20 token.

Is USDC a layer 1 or 2?

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