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What is USD coin


¿What is USD coin?

USD COIN is a token that runs on the Ethereum network called a stablecoin, this is because one USDC is backed by one US dollar.

It debuted in September 2018 and was created by the Center Consortium, made up of Coinbase and Circle Internet Financial.

¿What does it offer?

USD Coin offers to use USDC to withdraw cash, in turn you can transfer the token to an ERC-20 related Ethereum controller.

¿How does it work?

The operation of the USD with USDC is based on the 1:1 exchange with the US dollar.

This means that 1 USDC is equal to 1 dollar.

To use the token, you need to start a Circle account, verify identity, and link it to a bank account.

¿How is USD Coin regulated?

USD Coin has a cryptocurrency trading license called the Bit License from the New York State Department of Financial Services.

The firm Grant Thornton LLP performs monthly audits.

¿Why do people use USD Coin?

People use USDC because of its easy acquisition and use and it can also be used in different applications.

Also, its value is quite stable as it is tied 1:1 to the US dollar.

¿How is USD Coin different from other stablecoins?

USDC follows the regulations of the United States, collaborates with banking entities and regulators.

Unlike USDT which does not have any entity that regulates or supports it. Also, USDC and BUSD have more protection and clarity, unlike USDT.

¿Where can I buy it?

One of the ways where you can buy USDC is through Binance as it has a huge tradable variety in trading, you can exchange a cryptocurrency, fiat cryptocurrencies or just use a debit or credit card to buy the stablecoin. , Bank deposits. are also allowed.

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more you can visit the following link:

¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?

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