What is USD Coin (USDC)?

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).

How USD Coin (USDC) Works?

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:

• A user sends USD to the bank account of the crypto exchange he/she uses.
• The crypto exchange uses the USD Coin (USDC) smart contract to create an equivalent amount of USD Coin (USDC).
• When the newly issued USD Coin (USDC) is delivered to the user, the substituted US dollar is kept in the reserve.

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.

How to Buy USD Coin (USDC)?

You can start trading USD Coin (USDC) on ICRYPEX:

• First of all, you need to sign up by filling out the name-surname, telephone and e-mail address sections from the "New Membership" button.
• After completing your membership process, you can wire TRY from your bank account by clicking on the "Deposit" section.
• Wiring from the bank acccount, you need to copy the ICRYPEX Bilişim AŞ in the receiver / title section. Transfers sent with different, incorrect or incomplete recipient names are rejected by the bank.
• Your transfer is carried out through the current TRY accounts registered in your name.
• After funding your wallet, you can get buy USDC Coin (USDC) with Easy Buy-Sell and Pro-View modes.

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.