Buy USD Coin with Credit or Debit Card
And, of course, you can also use your USDC in the traditional sense to buy other cryptocurrencies. BOSTON – A California man has been charged for allegedly conspiring to sell the illegal depressant Etizolam over the internet. USDC is readily available on popular exchanges and protocols, and thousands of developers are building with USDC. Senders and receivers typically need bank accounts and specific apps or platforms to transact.
Choose a Crypto Exchange
Borrow funds from 2.9% APR without selling your USDC with Nexo’s Instant Crypto Credit Lines. Swap any asset for USDC with zero fees and fixed-price execution on Nexo’s Crypto Exchange. Select your preferred method of payment, review your trade details, and swipe to confirm your order.
Fortifying trust with transparency
Stablecoins like USDC aren’t really seen as investments, instead offering liquidity for crypto traders looking to purchase other cryptocurrencies seamlessly on exchanges. Some products and services made available on the Circle Developer Platform (collectively, “Web3 Services”) are offered by Circle Technology Services, LLC (“CTS”). Services do not include financial, investment, tax, legal, regulatory, accounting, business, or other advice. CTS is only a provider of software and related technology and is not engaged in any regulated money transmission activity in connection with the services it provides.
- USDC enables businesses to offer payment connectivity and dollar-backed financial services to more people in more places.
- Stablecoins can also interact with decentralized finance (DeFi) programs and earn interest.
- The live USDC price today is $1.00 USD with a 24-hour trading volume of $6,159,389,848 USD.
- It allows you to spend on everyday purchases while using your crypto as security for repayment, instead of selling it.
- Reserves are transparently held at regulated financial institutions with published monthly attestations.
- If you would like to know where to buy USDC at the current rate, the top cryptocurrency exchanges for trading in USDC stock are currently Binance, LBank, OKX, Toobit, and Bybit.
Understanding USD Coin
Meanwhile, USDC’s value has stayed relatively stable over its life, although there may be some short-term volatility during extreme market periods, Manoppo says. “It also enables the transfer of capital across different geographical jurisdictions how to buy usdc much faster, especially compared to traditional wire transfers,” Manoppo says. You can buy fractions of USD Coin just like you can divide U.S. dollars into pennies. You can purchase as little as 0.001—equal to one-tenth of a cent—of USD Coin.
Current Crypto Prices
- The value of USDC is designed to remain stable, making USDC a stablecoin.
- As the name suggests, fiat-collateralized currencies are backed by a sovereign currency, such as the U.S. dollar or the British pound.
- Check out PennyWorks to earn high yields through low-risk digital asset lending.
- USD Coin is a stablecoin built on the Ethereum (ETH) blockchain.
- But crypto traders shouldn’t think of USDC as an investment, although it’s a coin with some advantages.
- Today, Circle Mint is for qualified businesses and wholesale distributors of USDC.
If the exchange needs more USDC to fulfill the swap, the exchange will often use its Circle Mint account to mint more USDC. USDC is backed by real assets, and is sometimes referred https://www.tokenexus.com/ to as a fiat-collateralized stablecoin. As the name suggests, fiat-collateralized currencies are backed by a sovereign currency, such as the U.S. dollar or the British pound.
These Best Stablecoins Are Tested By Time And The Market – InvestorPlace
These Best Stablecoins Are Tested By Time And The Market.
Posted: Mon, 18 Mar 2024 07:00:00 GMT [source]
How to buy USD Coin instantly with card?
You can store Bitcoin, Ethereum, USDC and several other assets on the wallet’s mobile app. It’s free to download, so the only cost to you will be transaction fees to send your crypto to your wallet on the blockchain. USDC was created by Centre Consortium, a joint venture between Coinbase and Circle – aimed at increasing mainstream adoption of fiat stablecoins. USDC operates by minting new coins when a user buys them with the USD from an exchange like Coinbase. Centre Consortium then puts this cash into its reserve, ensuring that $1 of USDC can be exchanged for $1 at any time.
- Buy, swap and borrow against your USDC instantly and securely on Nexo.
- Stablecoins are a type of cryptocurrency whose value is pegged to another asset, such as a fiat currency, a commodity or even another crypto coin.
- The process of issuing new USDC is known as “minting.” This process creates new USDC in circulation.
- Next, you’ll be prompted to enter the amount you’d like to purchase.
- Build an app with USDC to deliver payments, financial services, and a stable store of value to anyone with an internet connection.
- There is a business behind USDC also, so it must function well for the coin to remain pegged to the dollar.
- Businesses can apply for a Circle Mint account to exchange US dollars for USDC.
Buy USD Coin today
Get USDC for your business
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