This is a digital token in the stable currency category (Stablecoin). Like most Stablecoins, it is backed by the US dollar and short-term United States Treasury bonds, which gives it a 1:1 parity with the dollar, USDC was boosted by large prominent companies in the crypto ecosystem such as Circle and Coinbase.
USD Coin was created as a digital currency form, and it is the perfect safe haven for cryptocurrency investors with the highest market volatility. Technically, the creation of USDC is simple, the user who wants to generate USDC must deposit dollars to an audited bank account, and the same amount will be generated in USDC. If you need to redeem the USDC you can follow the same process but in reverse.
Essentially USDC seeks to make direct payment possible digitally and without many banking protocols but with the security of a bank, and this is offered by blockchain technology.
In Ccoins, you will be able to buy and sell your USDC at the best price through hundreds of offers every day from our P2P market, register and verify your account, and you will be able to acquire your first USDC with Ccoins quickly and safely.
Pegged to the dollar: USDC is pegged to the US dollar which makes it redeemable if required.
Regularly audited: the creators of USDC promise ongoing audits of their accounts where the dollars that are later converted into USDC are stored.
Allows you to freeze other cryptocurrencies: in Ccoins, you can freeze your most volatile cryptocurrencies in USDC, and have the possibility of protecting your investments from abrupt price drops.
Widely accepted: USDC is accepted by the vast majority of wallets on the market and on most crypto platforms, which makes it an ideal Stablecoin.
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Absolutely, yes. Like Tether and DAI, USD Coin is also a stablecoin on the Ccoins catalog. Its value is tied to the US dollar, and a USDC is created for each dollar deposited in a bank account.
It is very common to use stablecoins like USD Coin to send remittances. Transaction times for USDC are less than 3 minutes.
No, and not only will they not drop in price, but with this stablecoin, you will be able to protect yourself against falls in the value of your other cryptocurrencies: USDC is always worth 1 US dollar. Falls in other currencies will not matter; you can use the Ccoins Flip tool to convert your cryptocurrencies into USDC and protect yourself from price drops.