Understanding premier stablecoin USD Coin and what works for it

moneycontrol.com:

Stablecoins such as the USD Coin (USDC), are emerging as the preferred medium for transacting seamlessly across the globe and as a link between relatively volatile cryptocurrencies and real-world fiat currencies.

The USDC protocol, launched jointly by Coinbase and Circle called Centre in 2018, was created to offer crypto users and investors the ability to transact with USD Coin, its native token that is pegged to the US dollar.

Stablecoins can be pegged to a fiat currency or an asset such as gold. The creators of USDC decided to algorithmically bind its value to the dollar, which is the world’s reserve currency and most preferred denomination for international transactions, to spur its adoption at a faster rate.

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USDC is effectively a digital form of the dollar. Its holders can pay for goods and services without worrying about price volatility affecting the value of their fiat wealth when converting into crypto.

Created with the vision of providing the world’s citizens easy access to cryptocurrencies, the USD Coin protocol allows other blockchain projects to develop unique products such as wallets and exchanges.

The USDC token can be used by businesses and individuals as a payment or reward system for internal consumption or even to reward employees, partners, and other affiliates by using USDC’s Payouts solution.

Easy buy

Offered at a price consistent with the value of the US dollar, USDC tokens can be purchased and converted into any fiat money in a few simple steps.

All users need to do is register with a partner exchange that supports USDC and transfer fiat money equivalent to the number of tokens they want to buy.

Investors and businesses can