What is USD Coin(USDC)?

A cryptocurrency called USD Coin (USDC) is made to have a fixed value of $1 USD. A broader class of cryptocurrencies known as stablecoins, which use a variety of processes — such pegging their value to fiat currencies or commodities — to help maintain a stable price, includes assets like USD Coin and Tether (USDT). In the unpredictable cryptocurrency market, stablecoins are a crucial tool that enable users of digital assets to profit from the relative stability of the dollar or other stable assets.

The USDC stablecoin was developed by CENTER, an organization founded by cryptocurrency exchange Coinbase and FinTech company Circle. Circle first announced plans to launch USD Coin on May 15, 2018, raising $110 million. USDC first started on the Ethereum blockchain as an ERC-20 token, but has since expanded to other blockchains including Solana, Stellar, Avalanche, Flow, Tron, and Algorand.

mexc usdc

As of November 15, 2022, USDC has a market capitalization of $44 billion, ranking second among stablecoins. According to CENTER’s first report released in October 2018, approximately 127 million USDC were in circulation. It will exceed 44 billion by 2022.

How can you use USDC?

  1. as a mode of exchange. If you wish to send money using a cryptocurrency, you may rely on USDC to maintain its value over time without experiencing the sometimes-dramatic price swings that are typical of cryptocurrencies.

How to buy USDC?

You can buy USDC via MEXC website or App.

Step1: Click[Buy Crypto] on navigation bar.There are 5 ways to buy USDC,including Debit/Credit Card, Bank Transfer,P2P Trading,Quick Buy/Sell and Third-party Payment.

mexc exchange

Step2:Choose to buy USDC with different Fiat currencies, just select your currency under each method.

mexc

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