USD Coin

USD Coin (USDC) is a Cryptocurrency that gets into the category of “stable coins”, because it generally maintains a 1 to 1 ratio with the US Dollar, you can exchange it for other cryptocurrencies, Soles or Dollars, or vice versa when you need it, it works under the Ethereum Blockchain network, it can be used to make payments, make transfers between wallets of the same currency or simply maintain the value of your assets as if you had US dollars at the moment you make the exchange of another cryptocurrency to USDC.

It is an ERC-20 Token, which means that it works under the Ethereum network, through a smart contract that allows it to maintain certain rules, so they can interact in said network in a safe, easy and very fast way.

This currency is backed by a fiat money reserve consisting of US Dollars, which allows it to maintain its value in a range of parity with the Dollar.

There are more than 6,500,000,000 USDC currently circulating and it is one of the most reliable and most useful stablecoins in exchanges, even today it has already begun to be used to make common payments for services.

Other examples within the category of stablecoins backed by fiat currency such as the USDC we have Tether (USDT) and Digix Gold (DGX), the latter being linked to gold.

If you want to see the USDC exchange fees, click here

When making a purchase or sale of USDC with US Dollars directly using the "Buy and Sell" menu, the commission shown below is applied: