USD Coin is a stablecoin pegged to the United States dollar. This means that one USD Coin always tries to be worth one USD. It is an ERC-20 token built on the Ethereum platform. Its main benefit is using the Ethereum network for faster and more cost-effective transactions compared to fiat banks. Because of that feature, it is easy to send USDC anywhere in the world and pay for goods. Additionally, it is one of the prime candidates for holding funds on the blockchain and not experiencing the volatility of the crypto market.
USD Coin crypto differentiates itself from other stablecoins because Centre, the consortium managing the asset, releases monthly reports of the total value of the reserves backing USDC.
How To Buy USD Coin or Add it to your strategy
The fastest, most convenient way to purchase USD Coin is to purchase it on ICONOMI. We check USD Coin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy USD Coin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto trades use fundamental and technical analysis to evaluate if USD Coin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy USD Coin, we recommend you read the next section, as copying might be a better approach.
Add USD Coin to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have USD Coin in their structure.