Buy USD Coin USDC instantly

USD Coin (USDC) is a stablecoin designed to keep a constant one-to-one value with the U.S. dollar. Stablecoins like USDC aren’t really seen as investments, instead offering liquidity for crypto traders how to buy usdc looking to purchase other cryptocurrencies seamlessly on exchanges. Today the most common use case for USDC is to hedge against volatility in the crypto market without leaving the crypto ecosystem.

• Select the cryptocurrency you want to swap for USDC, and enter the amount in US dollars.
• Meanwhile, USDC’s value has stayed relatively stable over its life, although there may be some short-term volatility during extreme market periods, Manoppo says.
• Integrate USDC using flexible, enterprise-grade tools and your preferred languages.
• Since then, its capitalization has risen from $200 million to above $25 billion.

USD Coin (USDC) is a stablecoin pegged to the value of the U.S. dollar.

USDC investors generally use their holdings to earn passive income. You can lend USDC directly through its issuer, Circle, or with a hardware wallet like Ledger. There are plenty of opportunities to earn interest with USDC that don’t exist in traditional markets, as blockchain innovations https://www.tokenexus.com/ cut out the banks that capitalize on your assets. The easiest way to buy USDC is by placing an ‘instant buy’ order to purchase it for a fixed price but not all crypto exchanges offer this feature. Power US dollar payments and financial services in your app globally.

Fully backed digital dollars

Users should navigate to the order box and select the convert button. Select the cryptocurrency you want to swap for USDC, and enter the amount in US dollars. A cryptocurrency exchange is an online marketplace where you can buy and sell crypto. USD Coin’s main advantage is that it enables people to buy and sell other cryptocurrencies without having to move fiat currency in and out of exchanges. You can even view monthly reports of these reserve balances, including how much USDC is in circulation and its equivalent value in U.S. dollars. A cryptocurrency exchange is an online marketplace where you can buy and sell crypto.

USDC (USDC) Price & Market Data

After creating, verifying, and funding your account, you’re all set to buy USDC on Coinbase. Click on the Trade panel and choose USDC from the list of cryptocurrencies. You will see a chart, the asset’s brief description, and other metrics like its market cap, transaction volume over 24 hours, total supply, etc. After creating and verifying your account, you must fund your account to buy USDC on Coinbase. Coinbase supports a wide range of funding options, including direct transfers from your bank account, debit cards, PayPal, and wire transfers, depending on your location. Bank transfers are free of charge but the tokens bought using this method are locked up for 5 days.

Brief History of USD Coin

USDC was developed to be used in place of the U.S. dollar in the crypto world and make it easy to exchange and use it. As it’s pegged to the U.S. dollar, you can rely on its consistent value even as the value of other cryptocurrencies fluctuate. USD Coin (USDC) is a stablecoin launched in 2018 by Centre, which is a consortium created by Circle and Coinbase. USDC is an open source protocol, which means anyone can use it — not just Circle and their partners. USDC (USDC) is in the top 1,000 cryptocurrencies by market cap, valued at $34,461,782,380.

• The Ledger Nano S is a multicurrency wallet so that you can store all your cryptocurrencies in one place.
• Recently purchased the Nano Ledger X, and the simple, easy-to-use interface helped me to easily transfer my Bitcoins from Coinbase.
• Many private stablecoins are only usable within certain financial products, providing less utility.
• “It also enables the transfer of capital across different geographical jurisdictions much faster, especially compared to traditional wire transfers,” Manoppo says.
• Offer customers greater financial stability by enabling them to access digital dollars around the world.