#usdc

USDC, a stablecoin pegged to the US dollar, is not directly available as a cryptocurrency on the Binance platform in the way some other cryptocurrencies like Bitcoin or Ethereum are. Binance allows users to trade USDC with other cryptocurrencies or fiat currencies, but it doesn't offer a direct "USDC in Bin" trading pair. 

USDC is a digital currency backed by U.S. dollar-denominated assets, including cash and short-term U.S. Treasury securities. These reserves are held in segregated accounts with regulated U.S. financial institutions, and the reserve portfolio is managed by BlackRock and held at The Bank of New York Mellon

Use Cases for USDC

Hedge Against Volatility: Investors use USDC to reduce exposure to the price fluctuations of other cryptocurrencies.

Global Remittances: USDC facilitates cross-border transfers, offering a stable alternative to traditional currencies.

Decentralized Finance (DeFi): USDC is widely used in DeFi applications for lending, borrowing, and yield farming.

E-commerce and Payments: Merchants accept USDC for transactions, benefiting from its stability and low transaction fees.

As of June 5, 2025, the exchange rate for USDC to Bangladeshi Taka (BDT) is approximately ৳121.48 . This rate has remained relatively stable over the past week