What is USDC?
USDC is a stablecoin cryptocurrency pegged to the US dollar's value. It was launched in 2018 by Circle Internet Financial and Coinbase, two well-known companies in the cryptocurrency space. Each USDC token is backed by one US dollar held in reserve by a regulated financial institution, ensuring that the value of USDC remains stable.
USDC is built on the Ethereum blockchain and uses the ERC-20 standard, making it compatible with a wide range of cryptocurrency wallets and exchanges. Like other cryptocurrencies, USDC can be traded 24/7 on cryptocurrency exchanges worldwide, allowing users to transfer funds quickly and easily across borders without the need for traditional banking intermediaries. One of the primary advantages of USDC is its stability. Because each token is backed by one US dollar, users can be sure that the value of their investment will not be subject to the same volatility as other cryptocurrencies. Additionally, USDC can be used as a means of payment, as many merchants and businesses now accept it as a form of payment.
USDC has several potential use cases, including a stable investment opportunity, a means of payment, and a way to transfer funds quickly and easily across borders. However, it is essential to note that, like all investments, USDC carries risks, and investors should carefully consider these risks before investing. Additionally, while USDC is backed by one US dollar, its value is not guaranteed to always remain stable. It can be affected by market conditions and investor sentiment.
How to Buy USDC in 3 Easy Steps
1
Create an Account
2
Complete your KYC
3
Start buying USDC
How to Buy USDC in 3 Easy Steps
- 1
- 2
- 3
1 Create an Account
Why Buy USDC with Fasset
With over 3 years of experience in the crypto industry, Fasset is committed to helping you grow and protect your wealth. Fasset provides you with
Safe Transactions
Your data and funds are our top priority. We take the utmost care to protect them, so you can confidently send funds to your friends, family, and community.
Curated Investing
We are committed to curating and giving access to crypto assets, analyzed by experts, that help you build real wealth.
Ethically Driven
We’re pioneering finance for emerging markets. We’ll help you get started buying crypto assets in accordance with your values and principles.
FAQ
USDC is a stablecoin cryptocurrency that is pegged to the value of the US dollar. It is built on the Ethereum blockchain and uses the ERC-20 standard.
USDC was created by Circle Internet Financial and Coinbase in 2018.
The value of USDC is maintained through its peg to the US dollar. Each USDC token is backed by one US dollar held in reserve by a regulated financial institution.
USDC offers a stable investment opportunity not subject to the same volatility as other cryptocurrencies. Additionally, it can be used as a means of payment, as many merchants and businesses now accept it as a form of payment. USDC can also transfer funds quickly and easily across borders without the need for traditional banking intermediaries.
USDC can be purchased on several cryptocurrency exchanges around the world, and it can also be acquired through peer-to-peer transactions. Before purchasing USDC, choosing a reputable exchange or seller is essential, and ensuring adequate security measures are in place.
USDC is backed by one US dollar for each token, providing greater stability than other cryptocurrencies. Additionally, Circle and Coinbase are both well-known and reputable companies in the cryptocurrency space. However, like all investments, USDC carries risks, and investors should carefully consider these risks before investing.
USDC has several possible use cases, including a stable investment opportunity, a means of payment, and a way to transfer funds quickly and easily across borders. Additionally, USDC can be used for trading on cryptocurrency exchanges or as collateral for loans.