Is USDC a cryptocurrency?

While USDT is used more frequently for trading and payments, USDC is often described as a safer stablecoin since Centre makes a greater effort to comply with audits and governmental regulation, and has more transparent, fully-backed reserves.

Using USDC allows you to buy, sell, and transfer funds while remaining in the cryptocurrency ecosystem . Instead of having to cash out to your traditional bank, you can hold USDC which is pegged to the US dollar.

USDC is pegged 1:1 to the value of U.S. dollars, so its value doesn’t fluctuate like that of BTC or ETH . Grant Thornton attests to the reserves monthly, which means investors never have to worry about transparency either.

USDC-USD – USD Coin USD Previous Close0.999801Open0.999801Day’s Range0.999105 – 1.00026452 Week Range0.987380 – 2.349556Start Date2018-10-08USD Coin USD (USDC-USD) Price, Value, News & History finance.yahoo.com › quote › USDC-USD