What is USD Coin (USDC)?

Cointral Marketing Manager
What is USD Coin (USDC)?

In line with the partnership between Circle and Bittmain, the USD Coin plans to put an end to the fluctuating charts of cryptocurrencies. As a result of this partnership, USD-backed stablecoin has been launched. As a result of the partnership of these two companies, we will give information about USD Coin. Have a pleasant reading.

How does USD Coin Work?

Ethereum-based crypto currency USDC works just like the USDT. However, the USD Coin will not be affected by any speculation and will not be as fragile as other cryptocurrencies. Let’s take a look at the words of Jeremy Allaire, CEO of Circle:

“USDC is a global fiat currency that offers low-cost, high-security, and speed. This is a major development for customers worldwide who send and receive money and accept payments digitally. ”

Circle’s USDC Purpose

Circle, the architect of USDC, has a global portfolio of around 7 million users. One of Circle’s other goals is to run USD Coin in integration with Circle Payment and Trade.

Circle intends to stably add USDC to the Poloniex exchange, which it recently acquired. Sean Neville, co-founder of Circle, announced that there will be no transaction fees for users investing to increase the circulation of the USD Coin.

Buy USD Coin (USDC)

You can easily buy USDC Coin on Binance Exchange. If you are looking for a guide to deposit money on Binance, you can check out our article “Buy Bitcoin on Binance”. With Cointral, you can buy USDC, Bitcoin, Ethereum, Ripple, Litecoin, Dash, Tether, BNB Coin, EOS, Bitcoin Cash, Neo, OmiseGo and more than 1200 cryptocurrencies. You can also make crypto swap transactions at https://online.cointral.com.

You can then convert your purchased cryptocurrencies to USD Coins on Binance.

Investment information, comments and recommendations contained herein are not included in the scope of investment advisory. Therefore, making an investment decision based solely on the information and comments contained herein may not produce results that are in line with your expectations.