There are volatile cryptos that can change in value at a moment's notice, and then there are what are known as stablecoins.
If you want to buy USDC, you might want to know what determines its value. Stablecoins differ when compared to common, volatile ones such as bitcoin or ether and others in the way through which they derive their value.
USDC is a stablecoin. In other words, it is a crypto that is directly backed by fiat money. Fiat money is any money that a government issues, such as the U.S. dollar in this case specifically. This is any currency that is declared legal tender; still, it is not backed by any tangible asset at all.
The value of a single USDC is equal, or at a fixed rate, to $1.
The USDC reserves are kept in the custody of U.S.-based organisations for finances, such as BlackRock for example. Cash is held in the U.S., and U.S. Treasuries are then held by third-party custodians.
You can easily check if USDC has the $1 peg by viewing the chart.
USD Coin (USDC) is a stablecoin. What this means is that its goal is to always preserve its value at the $1 price range. It is important to understand this if you want to buy USDC with credit card.
There have been cases historically when it has gone above or below that threshold. Specifically, you will find that it might go to $0.9999 or to $1.0007; for example, however, its ultimate goal and only goal is to keep a value of $1.
This points out that the USDC stablecoin is not a cryptocurrency investors buy to hold in their crypto wallets, expecting it to increase in value over time. This means that it is not too late to invest in USDC if you feel the need to, as USDC will likely sustain a stable value of $1 in the future as well.
If you are curious about how to buy USDC instantly, there are many payment options available on EXMO through which you will be able to get the needed amount of the USD Coin (USDC) stablecoin. Our key priority is to provide users with the simplest, quickest, and safest trading procedure that has a high level of protection.
The simplest way through which you can buy USD Coin (USDC) online is through the usage of a payment card, which can be in the form of a Mastercard or Visa, where you can buy USDC with debit card instantly. If you are curious how to purchase USDC, all you have to do in order to get started is to sign up for an EXMO account, after which you can verify it. Due to our partnership with Simplex, you are also provided with the opportunity to buy crypto even without topping up your account prior to doing so.
Additional ways exist through which users can buy USD Coin (USDC) as well as other digital currencies on desktop and mobile devices, such as SWIFT, Sepa, AdvCash, or the EXMO Gift Card.
If you’d like to purchase USDC through the usage of a credit card or a debit card online, it is natural to get concerned about the safety of each transaction. EXMO takes safety very seriously, and this is a top priority for the company.
As such, EXMO has all of the required measures that aim to protect the personal and financial information of every single user.
Each user is also given the opportunity to enable 2FA and secure their account at a higher level, where you can buy USDC with credit card instantly and safely.
After you got on track to buy USDC with debit card, you might be wondering what you can do next.
You can hold onto it in a crypto wallet, and use it at a later point in time to buy other cryptos. This is a representation of a solid option for those that want to avoid the volatility, as USDC will remain at its default value of $1.
You can also use your USDC balance to buy several types of services, or even specific goods from online retailers as well as offline outlets that support crypto as a form of payment. This gives you the option to buy USDC online with credit card, then use that balance to buy anything else using the cryptocurrency.