The below USD Coin price chart tracks the price of USD Coin against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓Pegged to the US Dollar
Similar to Tether USD, USDC is a rapidly growing ‘digital dollar stablecoin’ based on the Ethereum blockchain.
Each token is the equivalent value of 1 USD; a great alternative and low volatility asset to potentially park your funds in for those individuals who actively trade the crypto market or are just seeking a digital currency that can remain stable, especially during times of rampant volatility in the crypto-sphere.
The great thing about it is that it functions just like any other cryptocurrency - having the ability to be redeemed for cash and sent globally to different wallets (without authorization from central financial bodies), all whilst reducing the risk of any extreme loss of funds through incurring volatility.
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