USD Coin is a digital stablecoin pegged against the United States Dollar. Unlike cryptocurrencies like Bitcoin, whose value keeps changing, the USDC will have a stable value. For every USDC in the crypto market, there is 1 USD stored in a bank account. It is how the USD Coin can retain its value even when the demands go up and down.
Because the USD Coin works on the Ethereum network, security isn’t a problem for payments. Advanced compatibility means that you can use practically any wallet to store and transact the USDC coins. IT also comes with one of the smallest transaction fee tiers we have seen. You can enjoy all these features on top of the crypto-exclusive control.
USD Coin Payment Benefits:- The USD Coin tokens you receive via payments will have a stable value. You don’t have to worry about the tokens losing their value over time.
- Easy redemption means that you can easily convert your USDC to USD and vice versa without paying hefty transaction fees.
- You and your customers will find it easy to manage USDC coins because of the stable costs. It makes the coin suitable for all sorts of payments.
- USDC is integrated and partnered with many big names in the crypto tech industry. It means best-in-class compatibility and features.