Supply, demand, availability, competing cryptocurrencies, and investor sentiment are key indicators of USDC’s utility. Cryptocurrency prices are still down from the major crash caused by geopolitical disasters, Fed interest rate hikes and more. There is still some hope that cryptos will come back later this year, however. Created in 2018, USDC’s market capitalization has risen from around $200 million to more than $14 billion. While the price of USDC doesn’t fluctuate more than a percentage point in either direction, the number of USDC has increased significantly.
- While USDC’s backing has kept its value stable to date, it’s still a cryptocurrency and risks losing value.
- You can avoid taxable events while doing more than simply HODLing your USDC with the Nexo Card.
- All examples listed in this article are for informational purposes only.
- After creating and verifying your account, you must fund your account to buy USDC on Coinbase.
- Stablecoins like USDC aren’t really seen as investments, instead offering liquidity for crypto traders looking to purchase other cryptocurrencies seamlessly on exchanges.
- The Ledger Nano S is a multicurrency wallet so that you can store all your cryptocurrencies in one place.
- Investing in a stablecoin like USD Coin (USDC) in a bear market can be one of the smartest decisions you can make in your crypto journey.
By locking up stablecoins within a specific network or protocol, holders can earn higher interest rates than traditional bank interest. You can earn yields ranging from 10 to 14 percent per annum by lending your USDC via various decentralized finance (or DeFi) applications without facing price volatility. You can also use them for lending, borrowing, or as deposits for derivatives trading. Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that’s right for you. You can use our table to compare the features of popular cryptocurrency exchanges available in
the UK to help you choose the one that’s right for you.
Trade safely with our powerful security
While we are independent, we may receive compensation from our partners for featured placement of their products or services. USDC could be used as a means of hedging against inflation for non-US residents who may have concerns about protecting the value of their holdings in their local currency. USD coin is one of the safest stablecoins due to the transparency of how it is minted and managed.
You can also buy USD-Coin on other plateforms and then secure it with your hardware wallet. There are dozens of wallets that you can use to store the private keys to your USD Coins (USDC). USD Coin (USDC) is a stablecoin that’s pegged to the value of the US dollar (USD). It was originally launched on the Ethereum network, but you can now transact with USD Coin (USDC) on multiple blockchains – including Avalanche, Solana, Algorand, Stellar, and Tron. You can then buy USD Coin (USDC) and other supported cryptocurrencies quickly and easily through their browser interface or mobile app. After my initial deposit, I’ve found that my transfers have been quickly credited to my CoinJar account (within minutes).
Where is the best place to buy USD Coin?
Jed has been in the crypto industry since 2015 and has been writing and researching for large publications ever since. He wanted to build and launch Data Wallet to help spread the word of cryptocurrency, as well as the principles of self custody and decentralized financial products. To earn instant crypto rewards, make sure the ratio of NEXO Tokens in your account against https://www.tokenexus.com/what-is-blockchain/ the rest of your portfolio is at least 1%. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get. This stablecoin is pegged to the price of the US dollar and it’s possible to own less than one USDC. For example, 0.54 holdings of USDC, given that the peg remains stable, would be valued at $0.54 cents.
You can lend USDC directly through its issuer, Circle, or with a hardware wallet like Ledger. USD Coin is a stablecoin built on the Ethereum (ETH) blockchain. Like other collateralized stablecoins, USD Coin’s how to buy usdc value is pegged to the U.S. dollar. That means that one USDC should ideally always be worth one dollar. Buy USD Coin instantly with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more.
Is USD Coin a good investment?
After creating, verifying, and funding your account, you’re all set to buy USDC on Coinbase. Click on the Trade panel and choose USDC from the list of cryptocurrencies. You will see a chart, the asset’s brief description, and other metrics like its market cap, transaction volume over 24 hours, total supply, etc. Did you know that you can buy USDC directly on CoinStats with 0 additional fees?