What is USD Coin?
USD Coin (USDC) is known as a stablecoin. This means that these are cryptocurrencies where the price is designed to be pegged to a cryptocurrency, fiat money, or to exchange-traded commodity. The USD Coin represents a major breakthrough in how we use and perceive money. The digital dollar works like other digital content, it moves at the speed of the internet, can be exchanged in the same way we share content, and are cheaper and more secure than existing payment systems.
Why Buy USD Coin?
USDC is fully backed by cash and equivalents and short-duration U.S. Treasuries. Thus making it very stable as against other cryptocurrencies. The value of the USD Coin is always redeemable 1:1 for U.S. dollars.