Is USDC Safe Stablecoin? – Katoch Tubes

USDC Stablecoin

USDC Stablecoin

What is USDC?

USD Coin or USDC is a digital dollar backed by real USD. Similar to USDT or BUSD, it is circulated in a 1:1 ratio  i.e 1 USDC =1 USD.

Who created USDC?

Launched in 2018,USDC is created by CENTRE consortium, a venture between Coinbase & Circle. It's part of the effort to bring stablecurrency to chains

Top Blockchains  supporting USDC:

Others include Solana, Stellar etc. covered by us

Who should use USDC?

USDC is a stablecoin that helps you liquidate easily to USD. Moreover, it helps protect investors during volatile market conditions. Use it as a reserve to invest in crypto assets.

Can you convert  USDC to USD?

Yes, USDC is a digital dollar backed by USD. It can be easily swapped against USD hassle-free. Also check-


Both USDC & USDT are stablecoins governed by different authorities. USDT is more widely used than USDC. Check the details-


BUSD is also a stablecoin by Binance & Paxos. It serve the same purpose and audited monthly. Read more about BUSD-

Is USDC Safe?

USDC is one of the safest stablecoins in the crypto market. It's been used as a currency by Stellar in most of its partnerships including MoneyGram.  It can be trusted.

Is USDC a good investment?

No stablecoin is a good investment. They are there to help investors shield themselves from volatile markets & also helps in liquidation.

LEARN about popular Cryptocurrencies only on  Katoch Tubes

We're on You Tube