$USDC
DOGE and USDC are currency pairs that offer investors the opportunity to trade between Dogecoin and the stablecoin USDC. Dogecoin was created in 2013, initially as a joke, featuring the Shiba Inu image, emerging from internet meme culture. Unlike cryptocurrencies with a limited supply, such as Bitcoin, Dogecoin has no maximum supply cap, with 10,000 new coins mined every minute.
1 USDC can be exchanged for 5.74 DOGE coins.
USDC is a stablecoin issued by Circle that maintains a 1:1 peg to the US dollar, fully backed by dollars and their equivalents, used for transferring value on-chain without the need for financial intermediaries, allowing for sending, storing, and receiving funds between individuals and businesses. In the exchange market, the exchange rate of both currencies constantly changes. For example, at a given moment, 1 USDC is equal to approximately 8.48 DOGE, which means that 1 DOGE can be exchanged for about 0.12 USDC. Over the last hour, the DOGE/USDC exchange rate may have increased by 0.83%, and over the past 24 hours, the increase was 8.77%. Investors can take advantage of cryptocurrency trading platforms to leverage this currency pair, depending on market conditions and their own judgments, buying Dogecoin for USDC in hopes of a price increase, or selling Dogecoin for USDC to minimize risk.