USDC Coin is pegged to 1 USD (United States Dollar).
USD Coin (USDC) is a stable cryptocurrency offered by Coinbase and Circle, working in Ethereum, Stellar, Algorand, Solana, Tron and Hedera Hashgarph system and traded on many exchanges.
The usage operation of USD Coin (USDC) is provided by the ERC-20 smart contract. USD Coin (USDC) is an alternative to other USD-pegged cryptocurrencies such as Tether (USDT) or TrueUSD (TUSD).
In a sense, a stable cryptocurrency such as the USD Coin (USDC) can be considered as a kind of auxiliary token as it replaces the dollar in the field of digital assets.
Assets in dollars support USD Coin (USDC) issuance at a ratio of 1:1. There is an equivalent amount of assets for the circulating USD Coin (USDC).
You can start trading USD Coin (USDC) on ICRYPEX:
You can quickly and safely trade USDC Coin (USDC) and get help anytime from Customer Service available 24/7 and ask for daily and weekly-based analysis.
Circle guarantees that each USDC Coin will have a fixed value with a single US dollar. You can have a digital dollar by converting US dollars into USD Coins (USDC).
Converting USD into USDC is a three-step process:
Unlike the most popular stablecoin Tether (USDT), the creators of the USD Coin are obliged to ensure full transparency and work with a number of financial institutions to protect the reserves of the equivalent fiat currency.
All USD Coin (USDC) issuers are required to regularly report USD assets that are subsequently issued by Grant Thornton LLP.
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