USD Coin (USDC) is a new digital asset developed by CENTRE, a consortium founded by Circle and Coinbase. It is a full implementation of the ERC20 token standard. It is a type of stablecoin that is pegged to the US dollar. This means that each USDC token is always worth $1 USD. USDC is backed by actual fiat currency held in reserve by CENTRE member companies. One USDC is always equal to one USD, and transactions are settled on a 1:1 basis. USDC is designed to address three pain points for digital asset users, merchants, and developers:
Price stability: USDC is pegged to the US dollar, so its value does not fluctuate like other digital assets.
Transparency and auditability: CENTRE member companies publish monthly attestations of the US dollar reserves they hold, providing transparency.
USD Coin Logo – PNG and SVG Download
How to buy USD Coin USDC?
To buy USD Coin USDC, you first need to create a wallet where you can store your USDC. There are several wallets that support USDC, but we recommend using MetaMask, which is a browser extension that doubles as an Ethereum wallet. Once you have set up your MetaMask wallet, you can buy USDC on a variety of exchanges, including Coinbase, Binance or Kraken.
How to stake USD Coin USDC?
We can not stake USDC as it is a native ERC20 token, but staking is possible if you willing to make some extra USDC by giving your USDC for some interest [for more check Celsius]. To do that, you can stake on Celsius, Nexo, Crypto.com, Binance Earn and other.