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.

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