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The returns displayed do not include the fees and expenses that are charged. Please refer to our fees page and additional important disclaimers and risk disclosures.

USD Coin 

Who is USD Coin for?

USD Coin (known by its ticker USDC) is a type of cryptocurrency that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, is a regulated financial institution.

You can always redeem 1 USD Coin for US$1.00, giving it a stable price in contrast to other cryptoassets like Bitcoin. Unlike regular US dollars, USD Coin doesn’t require a bank account, nor does it require that you live in a particular geography.

You can send USD Coin around the world at an extremely low cost in just a few minutes. USDC was created by Coinbase and Circle, the companies that support CENTRE which is an open-source tech project.

USDC is ideal for all crypto users alike as it has a stable dollar-linked value and is maintained by reputable institutions.

Crypto risk disclosure

USD Coin 

Who is USD Coin for?

USD Coin (known by its ticker USDC) is a type of cryptocurrency that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, is a regulated financial institution.

You can always redeem 1 USD Coin for US$1.00, giving it a stable price in contrast to other cryptoassets like Bitcoin. Unlike regular US dollars, USD Coin doesn’t require a bank account, nor does it require that you live in a particular geography.

You can send USD Coin around the world at an extremely low cost in just a few minutes. USDC was created by Coinbase and Circle, the companies that support CENTRE which is an open-source tech project.

USDC is ideal for all crypto users alike as it has a stable dollar-linked value and is maintained by reputable institutions.

Crypto risk disclosure
Performancei
USD Coin
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The returns displayed do not include the fees and expenses that are charged. Please refer to our fees page and additional important disclaimers and risk disclosures.

Overview

The stablecoin originally launched on a limited basis in September 2018. Put simply, USD Coin’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.

Several use cases have been unveiled for the USD Coin. As well as providing a safe haven for crypto investors in times of volatility, those behind the stablecoin say it can also allow businesses to accept payments in digital assets, and shake up an array of themes including decentralised finance and gaming.

Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and decentralised application (dApps) as possible. The stablecoin market has become exceedingly crowded over recent years — but USD Coin has aimed to stand head and shoulders over competitors in several ways.

One of them concerns transparency — and giving users the assurance that they will be able to withdraw 1 USDC and receive $1 in return without any issues. To this end, it says a major accounting firm is tasked with verifying the levels of cash that are held in reserve, and ensuring this matches up with the number of tokens in circulation.

Unlike some crypto ventures, Circle and Coinbase have also achieved regulatory compliance — and this has helped pave the way for international expansion. Both projects are also well-funded, giving the stablecoin certainty.

Why hold USD Coin?

Some of the benefits of holding USDC relative to other stablecoins include:

  1. It is regulated, audited and transactions are transparent [1]

  2. It is fully backed 1:1 with US dollars.

  3. It trades 24/7/365

  4. It is listed in more than 50 crypto exchanges

  5. Lightening quick transaction times

  6. Low minimum investment amount

  7. Redeemable for US dollars at any time

More information


USDC was first minted in September 2018. Unlike bitcoin, it is backed 1:1 by U.S. dollars, which are audited by accounting firm Grant Thornton to ensure the actual amount of the asset in circulation is at least equal to the dollars backing the assets.


1 Circle is a money transmitter that’s controlled by the government making it a transparent company. Before they release any USD for use, it has to be deposited with a trusted bank for verification, and the report is made public.

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Need help? Email us at
support@revix.com

Regions
Europe
Africa
Asia
America
Australasia
Language
EN
UK office

Senna Building

97 Hackney Road

E2 8JF, London

United Kingdom

SA office

Equinox Building

154 Main Rd, Sea Point

8005, Cape Town

South Africa

Follow

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