Buy USD Coin (USDC), it’s easy!

Buying USD Coin (USDC) is simple! Discover everything about the second most important stablecoin in the world.

Why Buy USD Coin (USDC)?

Purchasing USD Coin (USDC) can be a good way to protect yourself from market fluctuations, as it is the second most prominent stablecoin in the cryptocurrency market. Coinbase and Circle are the two organisations that collaborate to issue USDC, and they are well-known in the industry. Coinbase is one of the most popular centralised exchanges globally and the only publicly traded one. On the other hand, Circle is a highly respected American fintech company among institutions. USDC’s popularity is attributed to the decentralised finance sector. Until recently, Tether was mainly used for trading on centralised exchanges and did not explore the decentralised applications that populate this ecosystem.

When deciding whether to buy USDC, it’s important to know that its value is pegged 1:1 to the US dollar and is fully backed by cash and short-term US Treasury securities. In other words, the USD Coin is fully compliant with American laws, and the USDC in circulation and the reserves are certified every month by the independent firm Grant Thornton LLP.

What It Is and How It Began

USDC is the second most important stablecoin in the world. Circle and Coinbase created it to compete with USDT. It is integrated into both companies’ payment systems and offers a more transparent operational structure compared to Tether Coin. Today, the situation has changed, especially after UST’s collapse, the Terra-Luna ecosystem’s stablecoin.

Both organisations publish their “Proof of Reserve” monthly, detailing the monetary amount and assets held as collateral to ensure the stability of their stablecoins. Since USDC is pegged 1:1 to the dollar and has no issuance limit, the smart contract managing the peg allows for infinite USDC issuance.

USD Coin, launched in 2018, ensures the 1:1 peg and prioritises transparency. It is supported by crypto companies like Coinbase and Bitmain, as well as Circle, which handles peer-to-peer fiat payments. USDC aims to create a decentralised financial ecosystem where it becomes the most reliable stablecoin.

Stay up to date with the price of USD Coin

Price 24H
Change 24H
Daily High
Circulating Supply
Market Cap
Volume

Unlimited access to +1000 free content items

Unravel the intricate world of DeFi, NFTs, DApps, Metamask, and more. Whether you're a beginner or an expert, our Academy is your roadmap to navigating the crypto market!

Young Platform Academy

Buy USD Coin in 3 steps on Young Platform

Sign Up and Verify Your Identity
Enjoy free registration and full control over your funds. Move your money how you want, when you want.
Pay with Card, Bank Transfer or Apple and Google Pay
Start with every penny you have. Whoever said you need a fortune to enter this market has misled you.
Instantly Buy and Sell
Tailor your strategy and leverage automation to maximise your outcomes. Trade on your own terms.

What does the Young Platform do?

Young Platform is the European exchange that blends simplicity with security, already chosen by over 2 million people for buying and selling cryptocurrencies. Backed by significant entities such as Azimut, United Ventures, and Banca Sella, Young Platform eases your entry into the world of cryptocurrencies with a user-friendly interface, easy-to-use trading tools, educational courses, and up-to-date news, all designed to be accessible to everyone. And the best part? It's completely free.

Check out the Top movers

Take a look at the prices of cryptocurrencies that have reached higher volatility in the last 24 hours and catch market trends.

Buy USD Coin