What is USDC?
USD Coin (USDC) is a stablecoin with a fixed value of 1 United States Dollar (USD) per 1 USDC.
Key Information:
- Transaction Use: USDC is created for digital transactions and transfers. It maintains a fixed price of 1 USD per 1 USDC, making it suitable for trading and online purchases.
- Certification and Regulation: USDC is certified and regulated by financial authorities and legal entities, ensuring reliability and stability.
- Stability: USDC maintains a constant value of 1 USD, providing stability and suitability for trading and online purchases.
- Low Fees: Transactions and transfers made with USDC have low fees, making it convenient for international money transfers and other financial transactions.
- USDC can be used for online purchases and trading goods and services, both in physical stores and online retailers that accept digital currencies.
- It serves as a fast and low-cost method for sending money between individuals or across borders.
- USDC can also be used as an investment vehicle within the digital asset ecosystem and for participation in DeFi (Decentralized Finance) projects and other blockchain-related ventures.
Whitepaper: https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf
Website: https://www.circle.com/blog/ushering-in-the-next-chapter-for-usdc
