USD Coin (USDC) is a stablecoin pegged to the US dollar. Each USDC token is backed by a reserve of fiat currency held in cash, cash equivalents, and short-duration US Treasury bonds. The total supply of USDC exceeds $190 billion.
Launched in 2018 by the consortium "Center"—founded by Circle and Coinbase—USDC is an ERC-20 token built on the Ethereum blockchain. It stands out as one of the safest stablecoins due to its centralized, regulated backing by transparent entities rather than anonymous partners. USDC adheres strictly to US money transmission laws, ensuring compliance and transparency unmatched by many competitors like USDT (Tether), which lacks public audits or verifiable collateral proof.
Why Choose USDC?
- Stability: Maintains a 1:1 peg with the US dollar through algorithmic minting/burning.
- Trust: Backed by audited reserves and regulated issuers.
- Utility: Enables fast, low-cost global payments and serves as a digital store of value.
Trading USDC on OKX
OKX offers high-liquidity USDC trading pairs, including:
- BTC/USDC
- ETH/USDC
- LTC/USDC
👉 Start trading USDC today with OKX’s secure platform.
How to Sell USDC with a Credit Card
- Deposit USDC: Transfer USDC to your OKX wallet.
- Sell for Fiat: Exchange USDC for USD or other supported currencies.
- Withdraw to Card: Link your credit card to withdraw funds directly.
FAQs
Is USDC safer than USDT?
Yes. USDC’s reserves are audited and compliant with US regulations, while USDT’s collateral remains unverified.
Can I convert USDC to cash instantly?
Absolutely. Platforms like OKX allow near-instant fiat conversions.
Are there fees for selling USDC?
Fees vary by platform but are typically low (e.g., 0.1%–0.5% per trade).
👉 Explore USDC trading strategies to maximize your returns.
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