Don’t fret. We’ve compiled a FAQ for you below—dive in and explore.
USDC or USD Coin is a stablecoin that’s always priced at $1. USDC issues tokens on 14 blockchains including Ethereum, Algorand, Stellar, and Solana.
USDC is either used for hedging risks against crypto market fluctuations or in various trading pairs. USDC is also used by crypto companies to pay salaries for their employees.
Circle keeps its price stable by backing its USDC tokens with an equivalent amount of traditional fiat currencies held in a designated bank account. The company released this article to further commit itself to transparency and ensure that each and every USDC token remains 1:1 backed by the US dollar
USDC is maintained and regulated by Circle, a peer-to-peer payments technology company, headquartered in Boston, Massachusetts. Circle was founded by Jeremy Allaire and Sean Neville in October 2013.
You can store USDC tokens in your CoinSmart account.