Exchange USD Coin (USDC) at the Best Rates

What Is USDC Crypto Coin?

USD Coin (USDC) is a stablecoin. As the name suggests, stablecoins trade at a constant price. More specifically, they are designed to maintain 1:1 price parity with some other asset — commonly fiat currencies such as the US dollar.

USDC was created by Circle, a regulated fintech, and it’s a widely accepted and highly liquid stablecoin. The project was announced in May 2018, and in September, it was fully launched by Circle and Centre. Later, Bitmain, the manufacturer of ASIC equipment and owner of the largest mining pool in the world, contributed to the project’s future. The company invested $110 million to develop USDC.

USD Coin Price 

The live USD Coin price today is $ 1.001.

Is USD Coin Safe?

Features include:

1. USDC is something in between decentralized DAI, traditional cryptocurrencies Tether, Pax, and others. It can be issued by users themselves by freezing fiat dollars on a smart contract. The token isn't decentralized, as it's issued through Circle.
2. Binding the exchange rate to the dollar. The coin is meant to be priced 1:1 against the U.S. currency.
3. A high level of trust. The collateral is held on deposit until the owner of the coin decides to exchange it for fiat money. Issuers are regularly audited to verify the existence of a reserve USD.

Is USDC a Good Investment and What to Do With USD Coin?

Crypto enthusiasts can use USDC for the following purposes:

1. Minting and redeeming. Companies can exchange fiat currency for USDC for trading on exchanges and DeFi protocols, and exchange USDC for fiat currency whenever they want.
2. Sending and getting funds on-chain. International companies can use this stablecoin for quick payments to vendors and suppliers as well as direct wages for employees.
3. Investing, borrowing, and lending. USDC constitutes part of DeFi, eliminating third parties and connecting buyers, sellers, borrowers, and lenders through smart contracts.

USDC Delisting

Binance, the top centralized exchange by trade volume, announced it will delist USDC. At the end of September, the largest crypto exchange plans to begin automatically converting users’ accounts and new deposits in three popular cryptocurrencies, including USD Coin (USDC), into Binance USD. According to many crypto experts, these two policies are part of Binance’s aggressive push to gain more marketshare of both the Bitcoin volume and the stablecoin sector.

How to Buy USDC Coin?

Despite the stable coin’s delisting, it can be purchased via crypto swappers, such as StealthEX. Since this token is multifunctional, more investors think "Should I buy USDC?" and StealthEX is the best platform for this purpose. With the possibility of picking from over 450 cryptocurrencies, this non-custodial exchange allows you to choose between a fixed and floating rate. How long does USDC take to transfer with StealthEX? Since only basic details are needed, the process is completed in just a few minutes.

Just go to StealthEX exchange and follow these easy steps:

1. Choose the pair and the amount for your exchange. For example, BTC to USDC coin.
2. Press the “Start exchange” button.
3. Provide the recipient address to which the coins will be transferred.
4. Move your cryptocurrency for the exchange.
5. Receive your coins!

You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is. 

Follow us on Medium, Twitter, Telegram, YouTube, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected]

The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.