What is USD Coin (USDC)?
USD Coin (USDC) is a stablecoin pegged to the US dollar at a 1:1 ratio and is designed to remain stable regardless of cryptocurrency market conditions.
As a fully backed stablecoin, it holds US dollar asset reserves in regulated US financial institutions. These reserves are overseen by the accounting firm Grant Thornton, which publishes monthly attestation reports.
USDC is compatible with a number of different blockchains, including Ethereum, Algorand, Solana, Stellar, and TRON. USDC is the number two stablecoin, but it is among the Top 10 cryptocurrencies by market capitalization at the time of writing.
The coin provides users with a number of use cases, such as portfolio balancing, hedging against volatility, pricing in fiat currency, fast international remittances, peer-to-peer (P2P) payments, and payment interoperability across different blockchains.
Circle and Binance have collaborated to expand global USDC adoption, increasing its availability across Binance products and services. USDC is accessible for trading, savings, and payments on Binance, and its price is updated in real time on the platform.
What is USDCx Stablecoin?
USDCx is a stablecoin and a version of Circle’s USDC that is fully backed 1:1 by USDC reserves and designed to operate on the Cardano network. It maintains the same price stability as USDC, aiming to hold a consistent value of one US dollar, while supporting liquidity and decentralized finance (DeFi) activity within the Cardano ecosystem. Although it functions similarly to standard USDC for everyday users, USDCx features a slightly different redemption structure and is part of broader efforts to expand USDC’s multichain presence and improve cross-chain interoperability.
USDC is listed on Binance for trade and purchase. USDC price is updated and available in real-time on Binance.
