USD Coin (USDC) is a stablecoin. This is a cryptocurrency whose value is always equal to an underlying product. In the case of USD Coin, this is the US dollar. Thus, one USDC token is equal to one US dollar.More
Despite the fact that USD Coin cannot be used as an investment, this type of crypto currency is one of the most important cryptocurrencies in existence. Stablecoins are also called the cornerstone of Decentralized Finance (DeFi), as such coins represent an important function within a large number of blockchain protocols.More
You buy USD Coin at Coinmerce by paying with iDeal, SEPA, Bancontact, MyBank, Giropay, EPS and Sofort. You do this on the coin page of USD Coin. For the use of these payment methods you pay no additional deposit fees.More
You buy USD Coin at Coinmerce by paying with iDeal, SEPA, Bancontact, MyBank, Giropay, EPS and Sofort.
Before you can buy USDC at Coinmerce you will need to be in possession of a Coinmerce account. You can create an account here. After creating an account we will validate it after which you can immediately start purchasing USDC tokens.
It is also possible to send USDC from Coinmerce to another wallet address. You will need to validate the wallet address within your Coinmerce account first. For sending USDC you will pay network fees (Coinmerce has no influence on the amount of these fees).
USD Coin (USDC) is a stablecoin. This is a cryptocurrency whose value is always equal to an underlying product. In the case of USD Coin, this is the US dollar. Thus, one USDC token is equal to one US dollar. The value of the coin will never rise or fall, so you can assume the same value at all times.
The makers of USD Coin cannot simply make the value equal to the dollar. To do this, the USDC token must be backed by underlying assets. The creators have solved this by keeping a US dollar (or assets equal to this value) for each USDC token. Even if everyone sells their USDC token, and demand completely collapses, the token will still retain its value. After all, the assets that serve as collateral protect the crypto currency.
USDC runs on the blockchain of Ethereum. This means that it also uses the ERC20 protocol. This is a token protocol used for Ethereum tokens. A token protocol ensures that all tokens are programmed in the same way so that they can also communicate with each other. If such a token does not comply with the protocol, the systems within the blockchain network cannot consider the tokens as full tokens.
In December 2021, it became clear that there were 42.5 billion USDC tokens in circulation. According to the founders of USDC, all tokens are covered, which means that there is collateral of $42.5 billion.
In general, USDC is known to be a safer stablecoin than many other types because they are more transparent about how they operate. For example, in 2021 it came out that Tether (USDT) had backed almost all of its tokens with commercial bank money. This caused a lot of outrage within the crypto world.