Knowledge for USDC
What is USDC (USD Coin)?
USD Coin (USDC) is a regulated, fully-backed stablecoin pegged 1:1 to the U.S. dollar. It is issued by regulated financial institutions and governed by Centre, a consortium founded by Circle and Coinbase. USDC aims to combine the stability of the dollar with the efficiency of blockchain technology.
Each USDC is backed by one U.S. dollar or an equivalent asset held in reserve, attested monthly by independent accounting firms.
Why Trade or Hold USDC on Binance?
Binance, the world’s leading cryptocurrency exchange, supports USDC trading across a wide range of crypto pairs and use cases:
1. Secure & Trusted Platform
Binance ensures robust security and compliance, making it one of the safest platforms to hold or trade USDC.
2. Deep Liquidity
USDC is paired with major cryptocurrencies like BTC, ETH, BNB, and more, offering deep liquidity and competitive spreads.
3. Zero-Fee Conversions (Sometimes)
Binance often provides zero-fee trading or conversion options for USDC with other stablecoins like USDT or BUSD.
4. Earn Passive Income
Hold USDC in Binance Earn products (like Simple Earn or Flexible Savings) and earn interest with low volatility.
Popular USDC Trading Pairs on Binance
USDC/USDT
BTC/USDC
ETH/USDC
How to Buy USDC on Binance
Sign up or log in to your Binance account.
Go to the Buy Crypto section to purchase USDC via credit card, bank transfer, or P2P.
Alternatively, trade USDC on the Spot Market with other crypto pairs.
Use Cases for USDC
Stable store of value during volatile markets
Remittances and payments
DeFi participation on platforms that accept USDC
Hedging or moving between different assets quickly
USDC is one of the most transparent and regulated stablecoins in the market, with reserves attested monthly by top accounting firms. Binance further enhances user safety with advanced security features and wallet protection.