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Isn't USDC a token on Ethereum and some other blockchains? According to this it is 99%+ ETH: https://www.theblockcrypto.com/data/decentralized-finance/stablecoi

• saurik 5y ago
  Those charts aren't loading on my phone, but I presume you mean Ethereum (not ETH, which is a currency). This announcement says explicitly that the payouts will occur on Polygon, not Ethereum. Polygon currently has much lower fees than Ethereum (though the same scalability bottleneck inherently exists).
  • lostmsu 5y ago
    Why have you omitted that Polygon is also a layer on top of Ethereum?
    • saurik 5y ago
      Because it doesn't affect the price of using Polygon (and because it is only half true in the first place...) making it entirely irrelevant?
• wollsmoth 5y ago
  hmm, yeah, wow, I kind of assumed USDC transaction costs would be low, but I'm reading they can be kinda steep like eth.