Author: usdc

Exploring New Crypto Horizons: The Essential Guide to Converting Bitcoin (BTC) to Bitgert (BRISE)

    usdc

In the constantly evolving landscape of digital currencies, the art of converting one cryptocurrency to another is not just a transaction but a strategic exploration into the vast expanse of blockchain innovation. This in-depth article is dedicated to elucidating the process of converting Bitcoin (BTC), the original harbinger of the cryptocurrency revolution, to Bitgert (BRISE), a relatively new but promising player in the crypto arena. This conversion is more than a mere exchange; it is a journey into the world of emerging blockchain technologies, where Bitgert aims to make its mark with unique features and ambitious projects.

Decoding Bitcoin and Bitgert

To navigate this conversion effectively, it’s essential to first understand the unique characteristics of convert BTC to BRISE. Bitcoin, launched in 2009 by an anonymous entity known as Satoshi Nakamoto, is the first decentralized cryptocurrency. It introduced the world to blockchain technology and has since been the standard bearer of digital currencies, often regarded as digital gold due to its store of value and investment appeal.

Bitgert, on the other hand, is a more recent addition to the cryptocurrency universe. It aims to provide innovative blockchain solutions with a focus on speed, efficiency, and cost-effectiveness. Bitgert’s ambitious roadmap and commitment to developing a fast and affordable blockchain ecosystem have garnered attention in the crypto community, positioning it as an intriguing investment option.

Why Convert BTC to BRISE?

The motivation to convert BTC to BRISE can stem from various reasons. Investors and enthusiasts might be attracted to Bitgert’s potential for growth, its technological propositions, or its aim to offer practical blockchain solutions. Others might view this conversion as a way to diversify their cryptocurrency portfolio, balancing the established credibility of Bitcoin with the innovative promise of Bitgert.

The Conversion Process: A Step-by-Step Guide

  1. Wallet Preparation: Ensure you have secure wallets for both BTC and BRISE. Since BRISE operates on its blockchain, a compatible wallet is essential for the transaction.
  2. Choosing an Exchange: Select a cryptocurrency exchange that supports BTC to BRISE transactions. Key factors to consider include security, liquidity, transaction fees, and user-friendliness.
  3. Initiating the Conversion: Deposit your BTC into the exchange wallet. Then, navigate to the market or exchange section, find the BTC/BRISE trading pair, and enter the amount of BTC you wish to convert.
  4. Executing the Trade: Review the transaction details, including the exchange rate and any applicable fees. Confirm the transaction to execute the trade.
  5. Receiving Bitgert: Once the transaction is processed, BRISE will be credited to your exchange wallet. Transfer the BRISE to your personal wallet for enhanced security.

Market Dynamics and Timing

The cryptocurrency market is known for its volatility, making timing a crucial aspect of any conversion. Staying informed about market trends and news can aid in making a well-informed decision. However, the unpredictability of the market means that perfect timing is challenging to achieve.

Emphasizing Security

Security is paramount in the world of digital currencies. Use exchanges with robust security features, keep your private keys secure, and remain vigilant against potential online threats.

Understanding Legal and Tax Implications

Be aware of the legal and tax implications of cryptocurrency conversions in your jurisdiction. The regulatory landscape for cryptocurrencies is diverse and constantly evolving, so staying informed and compliant is essential.

Bitgert’s Growing Ecosystem

Understanding Bitgert’s ecosystem, including its blockchain, wallet, and the BRISE token, is important. The platform’s focus on delivering fast and affordable blockchain solutions offers a unique perspective in the crypto market, which could have implications for its long-term viability and growth.

Conclusion: A Forward-Thinking Crypto Strategy

Converting BTC to BRISE is more than just a financial transaction; it’s a strategic move that reflects an understanding of and belief in the potential of emerging cryptocurrencies. Whether driven by the desire to diversify investments, belief in Bitgert’s technological roadmap, or simply a curiosity to explore new blockchain projects, this conversion highlights the dynamic and multifaceted nature of the cryptocurrency world. As the landscape of digital currencies continues to evolve, such conversions underscore the continuous innovation and opportunities within this fascinating and ever-changing field.

The Comprehensive Guide to Exchanging USDC to ETH: All You Need to Know

    usdc

Introduction

The rapid growth of the cryptocurrency market has led to an array of digital assets that fulfill different needs and investment strategies. Among these, USD Coin (USDC) and Ethereum (ETH) are two prominent cryptocurrencies that attract a lot of attention for different reasons. USDC serves as a stablecoin, offering a 1:1 peg to the U.S. dollar, while Ethereum is a decentralized platform that enables the creation and execution of smart contracts. Exchange USDC to ETH has various implications and possibilities, which this article will explore in detail.

Why Exchange USDC to ETH?

Stability vs. Utility

USDC is designed to offer a stable value, which makes it a perfect asset for safeguarding value or serving as a trading pair. Ethereum, on the other hand, offers a wide range of utilities, including decentralized finance (DeFi), Non-Fungible Tokens (NFTs), and much more.

Investment Avenues

By exchanging USDC to ETH, you can unlock investment opportunities such as yield farming, staking, and asset diversification that may not be available when holding just USDC.

Market Movement

Swapping USDC to ETH can be a strategic move to capitalize on Ethereum’s price potential, especially when you anticipate a bullish trend in the Ethereum market.

Considerations Before Making the Exchange

Exchange Rates

Different platforms offer various rates for exchanging USDC to ETH. Make sure to shop around for the best rate.

Fees and Costs

Every transaction involves some fees, whether it’s a spread or a direct transaction fee. These costs can add up, so it’s essential to factor them in.

Security

Ensure the platform you select offers robust security features like Two-Factor Authentication (2FA), cold storage options, and strong encryption protocols.

Regulatory Compliance

Make sure the exchange you use complies with the regulatory framework in its jurisdiction. This adds a layer of safety to your transactions.

How to Exchange USDC to ETH: A Step-by-step Guide

Step 1: Select Your Exchange

Firstly, you’ll need to find an exchange that supports USDC and ETH trading pairs. Research the exchange’s features, user reviews, and compliance measures.

Step 2: Create Your Account

Once you’ve picked an exchange, you’ll need to create an account. This usually involves email verification and might require additional KYC procedures.

Step 3: Deposit Your USDC

The next step is to deposit your USDC into your exchange account. Make sure to double-check the deposit address.

Step 4: Locate the USDC/ETH Trading Pair

Navigate the exchange’s interface to find the trading section, and locate the USDC/ETH trading pair.

Step 5: Execute the Exchange

Here, you will specify the amount of USDC you wish to exchange for ETH. Make sure to review the transaction details, including any fees, before you confirm the trade.

Step 6: Transfer Your ETH

After the exchange, it’s generally a good practice to transfer your new ETH holdings to a secure wallet.

Tips for a Secure and Efficient Exchange

Use a Hardware Wallet

For the best security, consider transferring your newly-acquired ETH to a hardware wallet.

Confirm Addresses

Always confirm the receiving addresses when transferring assets. A single error can lead to the loss of your funds.

Perform a Test Transaction

Consider doing a small test transaction first to ensure everything goes smoothly.

Risks and Warnings

It’s crucial to note that while the crypto market offers numerous opportunities, it also carries risks. Make sure to conduct your own due diligence and consult with financial advisors.

Conclusion

Exchanging USDC to ETH opens a gateway to an array of possibilities in the crypto world. Whether you’re aiming for investment diversification, anticipating market trends, or looking to utilize Ethereum’s multifaceted platform, the exchange is a straightforward process if done carefully. By considering all factors such as fees, exchange rates, and security features, you can make an informed decision to optimize your crypto experience.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Always consult with your financial advisor before making any investment decisions.

How to exchange USD Coin (USDC)?

    usdc

Cryptocurrencies have revolutionized the way people transact and manage money. One of the most popular digital currencies today is USD Coin (USDC), a stablecoin that is backed one-for-one with US dollars. It is designed to facilitate the seamless exchange of fiat currency for cryptocurrency, allowing users to send, receive and store crypto with confidence.

If you’re looking to exchange USDC on an exchange platform, you’ll need to get started by signing up for an account with a reliable digital asset exchange service. Once your account has been verified, you can deposit funds in USD or EUR into it. This will give you access to a variety of trading pairs that include USDC.

After you’ve deposited your fiat currency into your account, you can then use it to purchase USDC at the current market price by selecting “Buy” from the list of available orders on the exchange platform. You can also sell your existing USDC holdings by selecting “Sell” from the same list of orders.

Once your order has been fulfilled and your funds have been credited to your account, you will be able to withdraw them by selecting “Withdraw” from the menu on the exchange platform page. You will then need to enter in either an Ethereum address or a bank account number depending on where you want your funds sent.

Exchanging USD Coin (USDC) is a relatively straightforward process when using an online cryptocurrency exchange service. By following these steps and verifying your identity beforehand, you can securely buy, sell and store USDC with ease and confidence.

A Comprehensive Guide on How to Sell USDC Cryptocurrency

    usdc

USDC is a popular stablecoin that is pegged to the US dollar. It is designed to provide stability and predictability to the volatile cryptocurrency market, making it an attractive choice for traders and investors. However, like any other cryptocurrency, the value of USDC can fluctuate, and you may decide to sell your USDC holdings to realize your profits or mitigate your losses.

Selling USDC can seem like a daunting task, especially for beginners in the world of cryptocurrencies. However, with the right knowledge and tools, it can be a straightforward and profitable process. In this article, we will walk you through the steps of how to sell USDC cryptocurrency.

Step 1: Choose a Crypto Platform

Before you can sell your USDC, you need to choose a cryptocurrency exchange or trading platform where you can sell it. There are various platforms that support USDC trading, such as Binance, Coinbase, Kraken, and ChangeHero, among others.

ChangeHero is a non-custodial cryptocurrency exchange that allows users to trade cryptocurrencies without the need to create an account or deposit funds. It is a fast, secure, and user-friendly platform that supports over 100 cryptocurrencies, including USDC. Here’s how to sell USDC on ChangeHero:

  1. Go to ChangeHero’s website and select USDC as the ‘Send’ cryptocurrency and the cryptocurrency or fiat currency you want to receive as the ‘Receive’ currency.
  2. Enter the amount of USDC you want to sell or the amount of the cryptocurrency/fiat you want to receive.
  3. Provide your wallet address for the ‘Send’ cryptocurrency and your receiving address for the ‘Receive’ cryptocurrency/fiat.
  4. Review the transaction details, including the exchange rate and fees, and click ‘Exchange.’
  5. Confirm the transaction and wait for the exchange to complete.

ChangeHero offers competitive exchange rates and low fees, making it an excellent choice for USDC traders who want to sell their holdings quickly and easily.

Step 2: Set Up a Wallet

To sell USDC, you need to have a wallet where you can store and manage your USDC holdings. A cryptocurrency wallet is a software program or hardware device that allows you to send, receive, and store cryptocurrencies. There are various types of cryptocurrency wallets, including software wallets, hardware wallets, and web wallets.

USDC is an ERC-20 token, which means it is built on the Ethereum blockchain. Therefore, you need an Ethereum-compatible wallet to store and manage your USDC holdings. Some popular Ethereum wallets include MetaMask, MyEtherWallet, Trust Wallet, Ledger, and Trezor.

Here’s how to set up a wallet for USDC using MetaMask:

  1. Go to the MetaMask website and download the MetaMask extension for your browser.
  2. Follow the prompts to create a new wallet and set a password.
  3. Once you have created a wallet, go to the ‘Assets’ tab and click ‘Add Token.’
  4. Enter USDC’s contract address, which is 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.
  5. The USDC token will now appear in your wallet, and you can manage your holdings.

Alternatively, you can use other Ethereum-compatible wallets to store and manage your USDC holdings. Make sure to choose a wallet that is compatible with ERC-20 tokens and offers robust security features, such as two-factor authentication (2FA) and encryption.

Step 3: Transfer USDC to Your Wallet

Before you can sell USDC, you need to transfer it from the exchange or platform where you bought it to your wallet. To do this, you need to provide your wallet address, which is a unique code that identifies your wallet and allows you to receive USDC. Here’s how to transfer USDC to your wallet:

  1. Log in to the exchange or platform where you bought USDC.
  2. Go to the ‘Withdraw’ or ‘Send’ section and select USDC as the cryptocurrency you want to send.
  3. Enter your wallet address as the recipient address.
  4. Enter the amount of USDC you want to transfer and review the transaction details, including the network fees.
  5. Confirm the transaction and wait for the transfer to complete.

The transfer time may vary depending on the network congestion and the fees you paid. Once the transfer is complete, you can check your wallet balance to confirm that you received the USDC.

Step 4: Sell USDC on a Crypto Platform

Once you have USDC in your wallet, you can sell it on a cryptocurrency exchange or trading platform. Here’s how to sell USDC on some popular platforms:

  1. Binance:
  • Log in to your Binance account and go to the ‘Spot’ trading platform.
  • Select USDC from the list of cryptocurrencies and choose the trading pair you want to use, such as USDC/USD or USDC/BTC.
  • Enter the amount of USDC you want to sell and review the order details.
  • Click ‘Sell USDC’ to execute the trade.
  1. Coinbase:
  • Log in to your Coinbase account and go to the ‘Trade’ platform.
  • Select USDC from the list of cryptocurrencies and choose the trading pair you want to use, such as USDC/USD or USDC/EUR.
  • Enter the amount of USDC you want to sell and review the order details.
  • Click ‘Sell USDC’ to execute the trade.
  1. Kraken:
  • Log in to your Kraken account and go to the ‘Trade’ platform.
  • Select USDC from the list of cryptocurrencies and choose the trading pair you want to use, such as USDC/USD or USDC/EUR.
  • Enter the amount of USDC you want to sell and review the order details.
  • Click ‘Sell USDC’ to execute the trade.
  1. ChangeHero:
  • Go to ChangeHero’s website and follow the steps outlined in Step 1 to exchange USDC for your desired cryptocurrency or fiat currency.

Make sure to monitor the market trends and price movements of USDC before you sell it to get the best possible price. You can use technical analysis tools and price charts to track USDC’s performance and make informed trading decisions.

Step 5: Withdraw Funds from the Crypto Platform

Once you have sold USDC on a crypto platform, you need to withdraw your funds to your bank account or other payment methods. The withdrawal process may vary depending on the platform and the payment method you choose. Here’s how to withdraw funds from some popular platforms:

  1. Binance:
  • Go to the ‘Funds’ section and select ‘Withdrawal.’
  • Choose your desired payment method, such as bank transfer or credit card.
  • Enter your payment details and the amount you want to withdraw.
  • Review the withdrawal details and confirm the transaction.
  1. Coinbase:
  • Go to the ‘Withdraw’ section and choose your desired payment method, such as bank transfer or PayPal.
  • Enter your payment details and the amount you want to withdraw.
  • Review the withdrawal details and confirm the transaction.
  1. Kraken:
  • Go to the ‘Withdrawal’ section and choose your desired payment method, such as bank transfer or wire transfer.
  • Enter your payment details and the amount you want

    to withdraw.

    • Review the withdrawal details and confirm the transaction.
    1. ChangeHero:
    • Follow the steps outlined in Step 1 to exchange USDC for your desired cryptocurrency or fiat currency.
    • Withdraw the funds to your wallet or bank account, depending on the payment method you used.

    Make sure to check the withdrawal fees and processing times before you initiate the transaction. Some payment methods may take longer to process than others, and some may charge higher fees.

    Conclusion

    Selling USDC cryptocurrency can be a profitable way to earn profits or mitigate losses in the volatile cryptocurrency market. By following the steps outlined in this guide, you can sell USDC quickly and easily on a crypto platform of your choice. Remember to choose a secure and reliable platform, set up a compatible wallet, and monitor the market trends to make informed trading decisions.

    ChangeHero is a non-custodial cryptocurrency exchange that allows you to exchange USDC and other cryptocurrencies quickly and securely. With competitive exchange rates and low fees, it is an excellent option for USDC traders who want to sell their holdings without the need to create an account or deposit funds. Make sure to consider ChangeHero and other platforms when choosing a platform to sell USDC.

Buying USD Coin: The Ultimate Guide

    usdc

Are you looking for an easy way to invest in digital currency? If so, USD Coin (USDC) may be the perfect choice for you. USDC is a stablecoin created by the Centre Consortium as a way to bridge traditional finance with the world of cryptocurrency. It is backed one-to-one with US dollars, meaning that every USDC coin issued is backed by one US dollar held in reserve. This makes it extremely stable and reliable, providing investors with a low-risk option for investing in digital currency. In this guide, we’ll walk you through everything you need to know about buying USD Coin.

What Is USD Coin?

USD Coin is an Ethereum-based stablecoin created by the Centre Consortium. The Centre Consortium is a joint venture between Circle Internet Financial and Coinbase, two of the most trusted names in cryptocurrency. It was designed as an easy and secure way to transact using digital currencies without having to worry about volatile price swings common among other cryptocurrencies like Bitcoin or Ethereum. By being “pegged” to the U.S dollar, each USDC coin will always be worth exactly one U.S dollar no matter what happens on the market. This stability makes it ideal for investors who want access to all of the benefits of cryptocurrency without taking on too much risk or volatility.

Why Buy USD Coin?

There are numerous benefits to buying USD Coin over other cryptocurrencies or traditional investments like stocks and bonds. Here are some of the top reasons why investors choose USDC:

1) Low Risk – As mentioned above, USDC is backed one-to-one with U.S dollars which means that its value will remain consistent regardless of what happens on crypto markets or in traditional finance. This makes it an ideal choice for those who want exposure to digital currency but don’t want to take on too much risk or volatility associated with other crypto assets like Bitcoin or Ethereum.

2) Easy To Use – USDC is built on top of Ethereum so it’s easy to use wherever Ethereum wallets are accepted such as decentralized exchanges and certain services like Compound Finance and Dharma Leverage which allow users to take out loans using their crypto assets as collateral instead of fiat currency (e.g.: USD).

3) High Liquidity – As one of the most popular stablecoins around, there is high liquidity when it comes to buying and selling USDC which means that users can easily buy or sell at any time without having to worry about illiquidity impacting their investment decision making process.

How To Buy USD Coins?

Now that we’ve discussed why people buy USDC let’s dive into how exactly you can purchase them yourself! Generally speaking there are two main ways that you can go about purchasing USD Coins: through centralized exchanges (like Coinbase), or through decentralized exchanges (like Uniswap). Let’s look at each in more detail:

Centralized Exchanges – Centralized exchanges are platforms where users trade against each other directly without needing any sort of middleman or third party involved in their transactions. Examples include well known exchange sites such as Coinbase Pro, Changehero and Kraken among others where users deposit fiat money which they then use to purchase coins like Bitcoin, Ethereum, Litecoin etc., including USDC coins if they offer them! Generally speaking these types of exchanges have higher fees than decentralized ones so make sure you check before committing your funds!

Decentralized Exchanges – Decentralized exchanges on the other hand do not require users to deposit anything into accounts prior to trading since they leverage smart contracts built onto blockchains such as Ethereum instead! Examples include Uniswap, Kyber Network and Curve Finance which all offer direct peer-to-peer trading pairs allowing users exchange different tokens directly against each other without needing any type of intermediary involved! Generally speaking these types of platforms charge lower fees than centralized ones but tend to have less user friendly interfaces so make sure you double check before getting started!

Where To Store Your Coins After Buying Them?

After purchasing your coins from either type of exchange discussed above – centralized or decentralized – then next step would be deciding where best store your coins securely until ready make further investments ! Generally speaking two choices come recommended here: either using hardware wallets like Ledger Nano S/X OR software wallets such as MyEtherWallet (MEW), MetaMask etc.. Hardware wallets provide superior security compared software options given physical device itself stores private key information offline however overall both types offer great security measures should keep mind when choosing best option suit needs!

Conclusion

Hopefully this article has provided some helpful insight into buying USDC coins – from understanding why investors choose them over other assets up until deciding where store acquired coins securely post purchase ! All said done whether looking low risk investment opportunity gain exposure digital currencies without needing worry too much volatility inherent crypto markets USDC coins offer great option keep mind ! Good luck & happy investing!

Additional Resources

If looking for more information about buying USDC coins, then check out some of these additional resources which can help provide further insight into the topic:

• Crypto Briefing – What is USDC and How Does it Work?

• Blockonomi – What Are USD Coins (USDC)? A Beginner’s Guide

• Investopedia – A Quick Introduction to Stablecoins Like USDC

• Coincentral – Everything You Need to Know About USD Coin (USDC)

 

 

The developers of USDC

    usdc

The developers of USDC, a stablecoin created to bring the benefits of blockchain technology to global payments, are a diverse and experienced group. The development team is led by two companies: Circle and Coinbase.

Circle is a digital asset platform that provides users with access to digital asset services including lending, over-the-counter trading and investing. Founded in 2013, the company has raised more than $250 million from investors such as Goldman Sachs, Bank of America Merrill Lynch and Jim Breyer. Circle’s mission is to create an open financial system for people everywhere in the world.

Coinbase is a digital currency exchange founded in 2012 that allows users to buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies with fiat currency or bank transfer. Coinbase also offers custodial services for institutional investors. Coinbase was valued at $8 billion following its 2017 Series E funding round which raised $100 million from investors such as Andreessen Horowitz and Union Square Ventures.

Together, Circle and Coinbase have years of experience developing consumer products related to blockchain technology such as wallets, exchanges and trading platforms. In addition to their combined expertise in this area, they also have strong backgrounds in financial regulation compliance which gives them an advantage when it comes to developing products related to stablecoins like USDC. They also have experience working with international partners around the world which will help them ensure that USDC is available in more countries than other existing stablecoins.

The development team behind USDC consists of engineers from Circle and Coinbase who specialize in product development, cryptocurrency engineering and security engineering. This team works closely together on every aspect of the project including designing features for USDC wallets, developing smart contracts for transactions between wallets and exchanges as well as ensuring that USDC meets all applicable regulatory requirements around the world. The engineers on this team come from various backgrounds ranging from mathematics to software engineering so they can bring a wide range of perspectives when solving difficult problems related to developing USDC’s infrastructure.

Overall, Circle and Coinbase have assembled a talented group of developers who are passionate about bringing the benefits of blockchain technology to global payments through creating USDC – a secure digital asset backed by fiat currency held by regulated banking institutions around the world. This team brings years of experience in cryptocurrency engineering as well expertise in financial regulation compliance which puts it ahead of its competitors when it comes to developing innovative uses for stablecoins like USDC globally.

In addition, these developers have an established network of partners around the world who can help them expand USDC’s reach and ensure its availability in multiple countries. This group’s collective experience makes it well suited for developing a stablecoin that could be used by people everywhere to transact securely and quickly. With their expertise and dedication to creating a safer global payments system,Circle and Coinbase are sure to bring USDC to the forefront of digital currencies.

The development team behind USDC takes security extremely seriously. The engineers on this team have years of experience in building secure systems with both cryptographic and legal safeguards so they understand how important it is protect users’ assets when designing new products related to blockchain technology. The team is continuously researching and developing new solutions to ensure USDC remains secure and compliant with existing laws and regulations around the world.

Circle and Coinbase have a shared vision of making USDC the go-to stablecoin for people everywhere in the world. With their combined experience, dedication to security, and established network of partners, there’s no doubt that they will succeed in achieving this goal. We are excited to see what these two companies can accomplish together as USDC continues to grow and become more widely adopted by individuals, businesses, exchanges and payment services providers around the world.

Achieving success with USDC requires Circle and Coinbase to work closely together over the coming years as they face many new challenges and opportunities. With their combined expertise in financial regulation compliance, cryptocurrency engineering, product development, security engineering, mathematics and software engineering – there is no doubt that this team will continue to innovate and create a revolution in global payments with USDC. We look forward to seeing the amazing things they can do together in the future.

Thank you for your time! I hope you found this information helpful as you learn more about Circle and Coinbase’s vision for creating USDC – a secure digital asset backed by fiat currency held by regulated banking institutions around the world. With their talented development team of engineers and established network of partners, we are confident that USDC will become the go-to stablecoin for people all over the world.

USDC circulating supply

    usdc

As more tokens are minted, the USDC supply grows and likewise decreases when users exchange their USDC for USD. In 2020, this demand accelerated significantly as businesses around the world began to adopt USD Coin which quickly became known as the second-largest stablecoin by market capitalization.

The USDC price has held up amazingly close to its intended $1 peg, resulting in the USDC market cap chart looking quite similar to that of the circulating supply.

To gain insight into the remarkable success of USDC crypto, let’s take a look at some significant landmarks this stablecoin has achieved over time.

 

  • 50 million: The supply of USDC first exceeded 50 million in October 2018
  • 100 million: The first time that the supply of USDC exceeded 100 million was in October 2018
  • 500 million: USDC hit a supply of 500 million for the first time in December 2019
  • 1 billion: The first time that USDC reached a supply of 1 billion was in July 2020
  • 5 billion: The supply of USDC first surpassed 5 billion in January 2021
  • 10 billion: The first time that USDT hit a supply of 10 billion was in March 2021
  • 50 billion: USDC reached a supply of 50 billion for the first time in February 2022

USDC is available on a variety of blockchain platforms

    usdc

USDC stands out from the rest with its accessibility across 8 unique blockchain platforms. Initially, USDC was only available on Ethereum but since then this cryptocurrency has exponentially grown and is now supported by an ever-expanding list of blockchains! Here’s a look at all the blockchains that have adopted USDC:

  • Ethereum
  • Algorand
  • Avalanche
  • Flow
  • Hedera Hashgraph
  • Solana
  • Stellar
  • TRON

Ethereum is the most commonly accepted blockchain for USD Coin, and many crypto exchanges and DeFi protocols accept Ethereum based USDC. But if your service of choice also has options to use other blockchains like Solana or Stellar for depositing/withdrawing USDC coins, you could potentially save on transaction fees! Make sure to verify which ones are supported by the platform that you’re using.

About USD Coin

    usdc

USD Coin (USDC) is a stablecoin designed to keep its value close to $1. Founded in 2018 by CENTRE, which was created by noteworthy companies Coinbase and Circle, USDC has been successful in keeping its price near the assigned peg of one dollar.

USDC, a token based on the ERC-20 standard of Ethereum was created to be used more extensively in decentralized finance (DeFi) applications like Compound and Aave. It has also been accepted as collateral for Dai in MakerDAO’s network, proving its reliability and trustworthiness throughout numerous platforms.

USD Coin is a centralized stablecoin that relies on reserves held by its issuer to maintain value. At the time of this writing, Circle reported all USDC’s backing was made up of cash and short-term U.S government obligations. Those seeking to convert their USDC into USD can do so at any time with an exchange rate always very near 1 dollar per coin, redeemable directly from the coin’s issuer on a 1:1 basis.

Each month, the issuer of USD Coin releases an attestation by accounting firm Grant Thornton LLP, showing that the issuer holds enough US dollars to back all of the circulating USDC tokens on a 1:1 basis. You can view all the attestations released so far on the official CENTRE website.

USDC is built to offer the advantages of blockchain technology, such as efficient and rapid global transactions 24/7 with no price fluctuations. Yet it’s vital for users to bear in mind that USDC and other stablecoins are issued by a centralized body who has full control over blacklisting addresses or freezing tokens.

Here are a few of USDC’s most critical features that you need to know about:

  •    Launched in 2018 by CENTRE
  •    Initially launched as an ERC-20 token on the Ethereum blockchain
  •    Reserve-backed stablecoin, can be converted to USD on a 1:1 basis
  •    Used in decentralized finance protocols and on centralized crypto exchanges
  •    Available on 8 blockchain platforms

After Tether’s USDT token earned acclaim in the crypto market, USD Coin was rolled out to vie for a stake. Furthering this competition, several other stablecoins also debuted in 2018–namely Pax Dollar (PAX), TrueUSD (TUSD) and Gemini Dollar (GUSD). All of these issuers strived to gain an edge over their rival with utmost transparency regarding the holdings backing up each token, hence ensuring more trustworthiness.

Heads above its peers, USD Coin continues to set the standard among 2018’s stablecoins. Even if USDT still retains a majority of market capitalization and trading volume, USDC has positioned itself within the upper echelon of digital assets based on market cap.

USD Coin (USDC) is a digital form of currency that functions as an alternative to fiat money on cryptocurrency exchanges. USDC has multiple applications and operates as a token across many blockchain systems, making it ideal for use in decentralized protocols like Uniswap, Compound and Aave, or NFT marketplaces such as OpenSea.

Compared to other crypto assets, such as Ethereum (ETH), USD Coin holds its value steadily. This makes it perfect for payments; many companies and individuals favor stable cryptocurrencies in order to bypass the price instabilities connected with more common digital currencies. USDC is a blockchain-based asset that provides users with just this kind of peace of mind: protection from market volatility!

As one of the initial members of CENTRE consortium, Circle has created a range of products built on USDC stablecoin: from payments infrastructure to fixed income products and an API suite. With this innovative selection, your business can make quick and secure transactions with ease!