USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 USD Coin for US$1.00, giving it a stable price. On Coinbase, eligible customers can earn rewards for every USD Coin they hold .
Read moreWhat is the advantage of USD Coin?
The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract. Bringing US dollars on the blockchain allows moving them anywhere in the world within minutes, and brings much-needed stability to cryptocurrencies . Also, it opens up new opportunities for trading, lending, risk-hedging and more.
Read moreWhat’s the point of buying USDC?
1. Easier access to crypto markets . 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.
Read moreCan USDC gain value?
USDC is primarily a stablecoin, which means it is a cryptocurrency that minimizes market fluctuations in its value .
Read moreWhat can I buy with USDC?
How is it used?
Read moreIs Usdc coin safe?
USD Coin (USDC) accomplishes exactly this and is part of a growing class of cryptocurrencies called stablecoins. While several tokens, including the popular Tether (USDT), are pegged to the dollar, USD Coin has tried to position itself as a more legitimate and trustworthy option .
Read moreShould I keep my money in USDC?
No. USDC is still a cryptocurrency which you don’t hold or own a private key for, but it’s advertised as a stable coin which somehow makes most people feel more at ease for it. If you’re holding your cash in USDC, it’s exactly the same as if you were holding it in Bitcoin or any other coin on Coinbase.
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