USD Coin is one of the most popular stable coins. For a long time, the coin has been among the top 10 most capitalized cryptocurrencies of CoinMarketCap resources. It is an open-source ERC-20 stable coin whose exchange rate is pegged to U.S. dollar assets at a 1:1 ratio.
The cryptocurrency was issued by crypto startup Circle and the popular digital asset exchange Coinbase. “Our mission is to create an open financial system for the world. As part of that mission, we want everyone to enjoy the stability of the world’s currency, the U.S. dollar. USD Coin allows individuals who don’t have bank accounts or extensive access to banking services to own a dollar-backed asset with just a cell phone,” is how the Coinbase team describes USD Coin. Also, do not forget that exchanging AVAX to USDC today is not a problem.
The Circle team claims that USDC represents the largest Stablecoin ecosystem. A list of project partners and wallets that support USD Coin can be found at the link.
In early August 2021, USDC was at the center of a scandal. The information that Stablecoin was backed by USD Coin disappeared from the Coinbase website. In its place, another text appeared. According to the updated message, USD Coin is supported by “assets in dollars whose fair value is at least equal to the U.S. dollar.”
During the proceedings, it turned out that the USDC is based on more than just the national currency of America. It turned out that Stablecoin is backed by commercial paper, corporate bonds, and other assets.
Notably, USD Coin is far from the only stable coin whose collateral has raised questions from cryptocurrency community members. The developers of the most capitalized stable coin – Tether – have repeatedly encountered similar problems.
For those who value anonymity and profit
Users who want to buy cryptocurrency confidentially will be interested in the offer of anonymous cryptocurrency exchanges. The platforms do not collect personal information about customers. The offer looks relevant against the background of attempts by authorities and regulators to organize surveillance of citizens’ crypto transactions.
An easy way to buy USD Coin for Avalanche (AVAX)
Another popular way to buy USDC is on a regular exchange. First, you need to register on the platform. The system will ask for verification of identity. After verification, the user will be able to buy stable coins for Avalanche (AVAX). To do this, you will need to replenish your account balance and exchange the money for the coin of interest.
For those who are in a hurry
An alternative way to buy USDC for Avalanche (AVAX) – exchangers. Platforms differ from exchanges by simplified registration. Most exchanges do not require verification procedures. At particular sites, you can set the search parameters and select the appropriate method of calculation. After that, the system will give available exchangers.
At the link alligat0r.com/custom/exchange-pairs/ an excellent exchanger for converting any cryptocurrency.
Conclusions
There are many offers on the market for those looking for where to buy USD Coin. Among them, you can find options for all occasions.
