$USDC

Why are many people switching to the stablecoin USDC?

In the context of a highly volatile crypto market, USDC is becoming the top choice for many investors thanks to its stability and transparency. This stablecoin is issued by Circle, a company based in the USA, with a commitment that each USDC is backed 1:1 by USD or equivalent assets. The strength of USDC lies in its periodic audit reports, increasing reliability for users.

In addition, USDC can be transferred almost instantly with extremely low transaction fees across various blockchain networks such as Ethereum, Arbitrum, BNB Chain, etc. This makes it an ideal choice for storing, transferring money, or participating in DeFi platforms.

On the Binance side, the exchange strongly supports USDC: allowing trading, deposits, and withdrawals on multiple networks, participating in staking and Earn, as well as using it for payments through Binance Pay. In fact, some USDC trading pairs even have no trading fees.

USDC is emerging as a "safe haven" amidst the highly volatile cryptocurrency market, with strong backing from Binance and reputable financial institutions.