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What is USDC and how to buy (USDC).

USD Coin is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a fully reserved stablecoin, and one USDC should always be equal in value to one dollar.


What is USDC (USD Coin)?

USD Coin was created in 2018 by Centre consortium, a joint venture involving Circle and Coinbase. The technology and governing framework are developed by Centre, while Circle and Coinbase are the first commercial issuers of USDC. USD Coin (USDC) is a fiat-collateralized stable coin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. Each USDC is issued as an ERC-20 token on the Ethereum blockchain and is 100% collateralized by a corresponding USD held in accounts subject to regular public reporting of reserves. USDC exists to solve two major issues: high volatility and convertibility between fiat currencies and cryptocurrencies. USDC filled the need for a fiat-collateralized stablecoin with strong governance and transparency. USDC publishes monthly public proof of 100% reserves of fiat tokens on centre.io, providing clear rules and compliance guidelines for Centre members regarding USDC issuance.

Where can I buy USDC?

H2cryptO – USDC is purchased easily through a centralized exchange, such as H2cryptO. H2cryptO offers a simple interface within our H2cryptO web/mobile app, and we offer exceptional 24/7/365 live support.

Why purchase USDC?

As of 2021, USDC is the world’s second-largest stablecoin and is actively positioned on the list of top 10 cryptocurrencies. Stablecoins such as USDC excel at transferring wealth between different platforms. USDC has a reputation as a reliable stablecoin because of the degree of transparency surrounding its collateral reserves. USDC is backed by FIAT and pegged 1:1 to the U.S. dollar. The fiat reserves are attested monthly, and unlike other stable coins, you can rely on USDC having stable value.

Purchasing USDC on H2cryptO:

1. Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 characters minimum).

2. Verify your H2cryptO account. Please submit all documentation for Know Your Client (KYC) verification.

3. Once KYC has been approved, you are now eligible to deposit FIAT or Cryptocurrency. You can fund your account by choosing a stablecoin and creating a wallet address. Then you can send cryptocurrency to this address. Funding your account with FIAT currency can be completed by ACH or Wire Transfer.

4. Once the ACH or wire transfer transaction has been completed, you can start buying USDC! You now will have the ability to trade cryptocurrencies with 24/7/365 live client service support.

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