What is USD Coin?
The USD coin is one of the most stable and famous tokens in the entire industry of cryptocurrencies.
This coin is famous because every currency of this crypto is backed up by 1$. Against every 1 USDC, $1 is held reserve in a proportionate balance of cash as well as short term U.S. treasury bonds.
The purpose of launching the USD coin is to bring a digital currency for the digital era. This coin is for all those who believe that cashless world is the new tomorrow in this rapidly changing society. As per the Centre Consortium USD, Financial institutions regulate and issue the USD coins . Therefore the coin is entirely stable and safe for crypto investors.
The USD company wants to see a world where they can get as many wallets as possible for the USD coins. From exchanges to service providers to dApps, they want to create an entire ecosystem where USD is famous like a stable currency. Moreover, at this point in time, the USD coins are actively trading on every famous crypto exchange in the market
There are numerous use cases for the USD coins. The foremost is to provide a secure harbor for crypto traders in times of volatility. Numerous crypto experts states USDC can also allow businesses to accept payments in digital assets and shake up various sectors, including decentralized finance and gaming.
Markets to deal in USDC
USD coin is one of the most secure coins. It is incredibly obvious that all popular exchanges actively deal in USDC because of its security and stability. However, some of the top exchanges that are dealing in USDC are Poloniex, Binance, OKEx, and other exchanges like Uniswap. Another incredibly popular fact regarding this coin is that people purchase it with Bitcoin or Ethereum.