Browse the web safely and securely with a virtual private network (VPN) from ExpressVPN. To earn crypto rewards, make sure the ratio of NEXO Tokens in your account against the rest of your portfolio is at least 1%​​​​​​. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get. EUR and GBP transfers are fast, while USD wires generally take up to 2 business days to be reflected in your account. Spend the value of your USD Coin without selling it, all while getting up to 2% back in crypto rewards. Swap assets for USDC with fixed-price execution on Nexo’s Crypto Exchange.

BitPay Now Supports Euro Coin (EUROC)!

The past performance of a digital asset is not a guide to future performance, nor is it a reliable indicator of future results or performance. USD Coin (USDC) is a stablecoin pegged to the value of 1 U.S. dollar, so it makes it easy to sell your crypto assets for virtual fiat currency. It has been difficult to buy USDC until recently because it wasn’t offered by many of the top exhcanges.

How Is the USDC Network Secured?

• USDC is a fully reserved stablecoin, which is a type of cryptocurrency, or digital dollar.
• USDC is commonly bought with Bitcoin — and if it’s your first time buying Bitcoin, be sure to check out our comprehensive guide here.
• Digital assets do not typically have legal tender status and are not covered by deposit protection insurance.
• Unlike some stablecoins linked to the price of a single asset or basket of assets, USDC’s value is tied directly to the U.S. dollar.
• USDC along with tether (USDT) equates to more than 80% of total market capitalization for all U.S. dollar-pegged stablecoins.
• Since USDC operates on Ethereum, you can swap between USDC and any Ethereum-based token on decentralized exchanges like Uniswap or Sushiswap.
• Its price might vary in $0.0001 increments, but for the most part it is pegged.

USDC was also developed in order to be used by businesses and individuals alike. As USDC provides an open-source smart contract, this allows other companies to develop their own blockchain products, such as wallets and exchanges. However, those who want to use the U.S. dollar as a payment or reward system for their customers, employees or partners can access these services easily through USDC’s Payouts solution. Stablecoins like USD Coin (USDC) are highly liquid and maintain a consistent value thanks to their “peg” to the U.S. dollar. Its price stability makes it an excellent cryptocurrency for spending, Additionally, it is faster and more efficient to pay with USDC than regular dollars.

Get Excellent Prices

In a transparency move, Circle Internet Financial LLC (Circle), the issuer of the USDC stablecoin released its reserves report as of July 31, 2022. In 2020, Circle and Coinbase collectively announced a major upgrade to USDC’s protocol and smart contract. The goal of these enhancements is to make it easier for USDC to be used for everyday payments, commerce and peer-to-peer transactions. USDC (USDC) is in the top 1,000 cryptocurrencies by market cap, valued at $34,132,453,154. Let’s say you have $100,000 dollars worth of Trunk, or at today’s prices ($1.50/Trunk) this would be 66,667 Trunk. Let’s borrow 10%, or $10,000 USDC from our TVL, then buy 6,666 Trunk, or 73,333 total Trunk.

In addition to partnering with the world’s largest asset manager, the stablecoin provider has inked other deals with big names from the world of traditional finance. In March, news broke that America’s oldest bank BNY Mellon would serve as the primary custodian of the assets backing USDC stablecoins. Meanwhile, a press release revealed that BlackRock will serve as a primary asset manager of USDC cash reserves.

How to get up to 0.5% in crypto rewards on your USDC purchases?

Peer-to-peer (P2P) transactions are a popular way for crypto users to send funds to one another. You can start sending USDC directly with the BitPay Wallet in a few simple steps. Once your funds arrive, simply go to the Exchange tab inside the Nexo app and swap them for the amount of USDC you want. Make free USDC transfers to all your friends, family, or colleagues as long as they have a Nexo account. USDC is readily available on popular exchanges and protocols, and thousands of developers are building with USDC.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

• Holding the private keys gives you access to your crypto, like holding a pin code to your debit card; in short it gives you access to your funds.
• The accounting firm Deloitte oversees these segregated accounts and provides monthly attestation reports.
• Using the instant buy feature is straightforward but typically more expensive than using the spot market.
• Buy USDC with card or bank transfer and get up to 0.5% in crypto rewards back.

Borrow Digital Assets

• Accredited investors and businesses can get USDC directly from Circle by signing up for a Circle Account.
• Its price stability makes it an excellent cryptocurrency for spending, Additionally, it is faster and more efficient to pay with USDC than regular dollars.
• Businesses can apply for a Circle Mint account to exchange US dollars for USDC.
• An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading USDC.
• Get a physical card for free to swipe or grab cash from ATMs around the world.
• However, the bullish crossover in Solana’s MACD and the potential for breaking key resistance levels suggest a positive outlook for SOL.
• For example, 0.54 holdings of USDC, given that the peg remains stable, would be valued at $0.54 cents.

USD Coin (USDC) is a stablecoin launched in 2018 by Centre, which is a consortium created by Circle and Coinbase. USDC is an open source protocol, which means anyone can use it — not just Circle and their partners. USDC is commonly bought with Bitcoin — and if it’s your first time buying how to buy usdc Bitcoin, be sure to check out our comprehensive guide here. It’s a bit difficult to give an exact number here — as in theory, the number of USDC that can exist is limitless. New coins are created in line with demand, whenever someone wants to purchase one with their humble dollar.

Best USDC wallets to store your USDC

USDC reserves are held in segregated accounts in the United States with regulated U.S. financial institutions in the form of cash and short-duration U.S. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.