USD Stable Coin (Includes Annual Membership)

$1.12

USDC is our daily digital asset buy of the day. The coin is pegged 1:1 to the US dollar.  If you are going to be trading or owning any type of crypto assets having a token that is pegged to the US dollar is really important. We have observed that this coin stays relatively stable during extreme volatility in the crypto markets and recommend it as a coin to use if you need to move into cash quickly or for short periods of time. This is like a money market fund coin. All broker fees and charges are included in the purchase price of the coin.

We are acting as asset managers of this purchase.  We provide a safe alternative to online wallet storage, security and identification issues. Your coin purchase is held in a UCS wallet and downloaded to a hard wallet on a daily basis, until you decide to have your purchase transferred to a wallet of your choice.

This asset purchase is automatically part of an annual subscription (when activated) and also comes with certain membership benefits such as price alerts, monthly newsletter and industry changes.

Bitcoin and all crypto assets are highly volatile and extremely risky. You can lose all of your money in this type of asset. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

 

 

 

Description

About USD Coin

USDC is a fully collateralized US dollar stablecoin. It is an Ethereum powered coin and is the brainchild of CENTRE, an open source project bootstrapped by contributions from Circle and Coinbase. USDCs are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency in a 1 USDC:1 USD ratio. Issuers are required to report their USD reserve holdings frequently, and Grant Thornton LLP issues reports on those holdings every month.

Data source: Coinmarketcap.com

In addition, USD Coin (USDC) is a digital stablecoin that is pegged to the United States dollar. Each USDC is backed by a dollar held in reserve. USD Coin is managed by a consortium called Centre, founded by Circle and including cryptocurrency exchange Coinbase and Bitcoin miner company Bitmain, which is an investor in Circle.

What is the purpose of USD coin?
In a nutshell, USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. Besides, USDC tokens can be changed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.

Data source: Cryptonews.com

Reviews

There are no reviews yet.

Only logged in customers who have purchased this product may leave a review.