Buy USDC
USDC is a stablecoin pegged 1:1 to the U.S. Dollar, backed by reserves including cash and short-term U.S. Treasuries. Launched by the Centre consortium (Circle and Coinbase) on Ethereum, USDC offers a stable way to hold and move value online. Altify provides a platform to securely buy and trade USDC with U.S. Dollar (USD) and other assets.
The Beginner’s Guide to USDC
Stablecoins are essential pillars of today’s cryptocurrency ecosystem, offering unmatched stability, liquidity, and seamless usability worldwide.
Read More →USDC Overview
Sep 2018
Inception
$60Bn+
Market Cap
No. 2
Stablecoin Ranking
USDC Performance
Pricing data is provided by Altify and excludes fees. Visit our Pricing page for more information on all fees and charges.
About USDC
What is USDC?
USDC offers a stable way to hold and move value online, as each token is pegged 1:1 to the U.S. Dollar. This stability is maintained because every USDC is backed by a reserve of traditional cash, cash equivalents, and short-term U.S. Treasuries.
Launched in 2018 by the Center consortium – a partnership between well-known cryptocurrency platforms Circle and Coinbase – USDC operates on the popular Ethereum blockchain as an ERC-20 token. This means it benefits from Ethereum's wide compatibility and infrastructure.
A key reason many consider USDC a highly secure stablecoin is its backing by transparent and regulated entities, unlike some other stablecoins with less clear origins. USDC operates within U.S. money transmission laws and regulations, demonstrating a commitment to openness.
USDC achieves its U.S. dollar peg through a combination of regulatory oversight and its ability to work across different blockchain networks. Its supply is managed algorithmically; new tokens are created when dollars are deposited, and tokens are removed when dollars are withdrawn. This automated process, driven by market supply and demand, helps maintain the consistent 1:1 valuation.
Since its launch, USDC has shown remarkable stability in maintaining its dollar peg, establishing itself as a reliable store of value in the digital asset space. It's engineered for fast and cost-effective digital payments, making it a valuable tool for global businesses and online marketplaces needing efficient payout solutions.
As the preferred stablecoin for a growing number of cryptocurrency investors, Altify offers numerous trading pairs involving USDC. You can trade USDC against various assets, including ZAR, EUR, BTC, ETH, and SOL, directly on our platform.
Sign up for an Altify account today to securely buy and trade USDC.
