USD Coin (USDC) is a stablecoin that maintains a 1:1 value with the US dollar. This means each USDC token is backed by an equivalent amount of USD held in reserve, providing stability in its value.
Fully Backed by Assets
USDC is backed by high-quality reserves such as cash and short-term US Treasury securities, held by regulated US financial institutions. These reserves are audited monthly by Deloitte to ensure transparency and trust.
Blockchain Compatibility
USD Coin (USDC) is a stablecoin that maintains a 1:1 value with the US dollar. This means each USDC token is backed by an equivalent amount of USD held in reserve, providing stability in its value.
Issued by Trusted Entities
USDC was created by the Centre consortium, a partnership between Circle and Coinbase, two highly reputable organizations in the cryptocurrency space. This partnership ensures robust governance and compliance standards.
USDC USE CASES
What Can I Do After I Buy USDC?
Decentralized Finance (DeFi)
Participate in DeFi protocols for lending, borrowing, and earning interest on platforms like Aave and Compound.
Crypto Swapping
Easily swap USDC for other cryptocurrencies such as Polygon and Ethereum using decentralized exchanges like Uniswap and SushiSwap.
Spending USDC
Spend USDC at merchants accepting crypto, or buy gift cards directly from your wallet for everyday use.
Investing and Earning
Stake USDC or provide liquidity on DeFi platforms to earn rewards and transaction fees.
Cross-Border Payments and Remittances
Send USDC globally quickly and at low cost, making it ideal for remittances and international payments.
For the most current information on our pricing, including crypto processing fees, swaps, and fiat on/off-ramping, please refer to our detailed pricing page here. We ensure transparent and up-to-date details to help you make informed decisions.
How quickly does KYC verification happen?
KYC verification for on/off ramp is quick, taking only a few minutes. You’ll need to provide personal information, ID documents, and a selfie.
How long does it take to receive money in my bank when I sell crypto?
The processing time varies by location. In Europe and the UK, it typically takes 1-2 working days. For transactions outside these regions, international bank transfers can take up to 3-5 working days.
Is there a limit on how much I can buy or sell?
You can purchase crypto using a card up to a limit of around $10,000. There is no minimum amount required, but there will be a minimum fee specified in the quotation.
Besides card payments, are there other ways to buy crypto?
Initially, only card payments are accepted, but soon Apple Pay, Google Pay, Bank Transfer, and more methods will be available.