What is USDC and how does it work on Crypto.com?

3 answers

• Dec 17, 2021 · 3 years ago
  USDC, or USD Coin, is a stablecoin that is pegged to the US dollar. It is a digital asset that aims to provide stability in the volatile cryptocurrency market. On Crypto.com, USDC can be used for various purposes such as trading, sending/receiving payments, and earning interest through staking or lending. It offers users the ability to transact with a cryptocurrency that maintains a 1:1 ratio with the US dollar, providing a reliable and convenient medium of exchange.
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• Dec 17, 2021 · 3 years ago
  USDC is a type of cryptocurrency called a stablecoin, which means its value is tied to a stable asset, in this case, the US dollar. It is built on the Ethereum blockchain and follows the ERC-20 standard. On Crypto.com, USDC can be easily bought, sold, and stored in the Crypto.com Wallet. It can also be used to make purchases, send money to friends, or earn interest through various investment options available on the platform.
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• Dec 17, 2021 · 3 years ago
  USDC is a widely recognized stablecoin in the cryptocurrency industry. It is backed by reserves of US dollars held in bank accounts, which are regularly audited to ensure transparency and maintain the 1:1 peg with the US dollar. Crypto.com supports USDC as one of the available cryptocurrencies on its platform, allowing users to easily trade, store, and use USDC for various purposes. With the integration of USDC, Crypto.com aims to provide users with a stable and reliable digital currency option for their transactions and investments.
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