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USDC.fi

USDC.fi project: Simplified Financial service project based on Stable coin(USDC). It is a stable and convenient financial service for new users entering the digital asset market.

USDC.fi

Created At

ETHOnline 2022

Project Description

USDC.fi project is a simplified finance based on USDC for new customers. USDC.fi is a service that combines stable coin, Simple KYC and Account Management. This combination allows for “Decentralized Bank that manages stable coins that are easy for customers to access.” USDC can be transferred over various networks such as Ethereum and Polygon. After a simple comparison through facial recognition and ID upload, it is a service that allows users to purchase USDC. Purchased USDC can be easily managed through the Account management page and exchanged for other coins. It is a simplified service for users who do not want to trade and want to actually use cryptocurrency.

How it's Made

USDC.fi service was developed through the convergence of various technologies. Major developments were developed and tested in Cloud IDE in Amplify's Serverless environment. To implement Simple KYC (Know Your Customer), a face recognition function with machine learning technology has been implemented. It detects the user's facial movements and expressions to verify that the user is actually in the live feed. In addition, document recognition with machine learning technology has been implemented. It identifies the ID uploaded by the user, recognizes the character, and extracts the part of the face photo to calculate the matching rate of the real user. Worldcoin's Uniqueness id authentication function has also been added. USDC transfers are made possible through Ethereum and Polygon networks. As soon as the user confirms the purchase, USDC is sent to the user's wallet address via Ethereum and Polygon. Implemented a function to check the user's wallet address by linking it with the Account page.

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