$USDC

What is USDC?

USDC is a stable digital currency fully backed by the US dollar at a 1:1 ratio, meaning that each unit of USDC can be redeemed for a real dollar held in trusted bank accounts. It was developed by Circle in collaboration with Coinbase as part of the “Centre Consortium.”

Why USDC?

• Price Stability: It is not affected by market volatility like other cryptocurrencies.

• Transparency: It undergoes regular audits to ensure that each coin is backed by a dollar.

• Flexibility in Use: Ideal for payments, transfers, and trading across platforms.

• Backed by Major Companies: Such as Binance, which supports USDC in several products like trading, financing, and wallets.

On the Binance platform:

You can use USDC to trade against currencies like BTC, ETH, and BNB, as well as benefit from it in financing (Binance Earn) or instant transfers with low fees. Binance also allows you to deposit and withdraw USDC via multiple networks such as

Ethereum (ERC20), BSC (BEP20), and Solana.