USD Coin (USDC) is a price-stable crypto asset. That means it’s different than Bitcoin, Ethereum, and other cryptos with their wildly fluctuating prices. Like traditional currencies, USDC’s price is stable and maintains a value of 1 US dollar.
Accordingly, USDC lets people invest and transact through blockchains without exposing assets to the high volatility of most cryptocurrencies.
USDC is a stablecoin and backed by actual funds and real assets (cash and short-dated U.S. government obligations). As a result, you can always redeem it at a 1:1 rate for US Dollars.
Investors earn passive income by lending USDC. There are platforms that offer competitive rates, although with some risks. It’s also possible to earn a fixed interest rate by locking in funds at 1-, 3-, 6-, or 12-month periods, with the interest rate higher for longer terms.
Trust, compliance, and transparency make USD Coin stand out as an attractive option. Because USDC undergoes regular scrutiny through monthly attestation reports, investors enjoy peace of mind about USDC’s current assets and future.
Because of its stable price, some investors use USDC as a temporary store of value. When an opportunity arises, they can always redeem 1 USDC to 1 US dollar and use that to fund their other investments.
Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.
After you sign up, you’ll need to verify your account.
Over 90% of our members get verified immediately, and then start trading right away.
You can buy USDC right away at the best rates.
Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.