USD Coin USDC

On 2024-11-21 the current USD Coin price/exchange rate is 0.947785 EUR.

The USD coin (USDC) is one of the largest stablecoins in the cryptocurrency market. 

The value of the USD coin is pegged to the value of $1 dollar in a ratio of 1:1 (the same concept Tether uses).

This is why the value of the USDC coin is always around $1 and it can’t reach a higher value, which is why it is not an investment asset.

People use USD coins to protect the value of their crypto portfolio in times of high market volatility.

USDC coin doesn’t have its own blockchain. 

It is a coin based on the ERC-20 protocol. 

Smart contracts based on the ERC-20 protocol ensure the issuing and redemption of USDC coins.

At the time of writing, there are 24,731,088,681 USDC coins in circulation. 

The maximum amount of USDC coins in circulation is not specified.

Thanks to ERC-20 smart contracts, you can instantly convert all USDC coins into fiat currencies and vice versa.

Thanks to stablecoins like the USDC, you can easily store your fiat currencies in the blockchain and send them anywhere in the world. 

Transactions in the USDC are fast and most importantly the fees are very low.

If the cryptocurrency market is going through high volatility, the USDC and other stablecoins are great tools for preserving the value of the portfolio.

USDC can also be used as a means of payment on various applications, exchanges, exchange offices, and blockchain games.

USD coin is a stablecoin, it doesn’t have its own blockchain network, which means it can’t be mined. 

On the other hand, a USD coin is not created out of thin air. If someone wants to buy USDC it has to convert fiat currency into USDC. 

A user sends USD to the bank account of the token issuer. 

The issuer creates an identical quantity of USDC using a USDC smart contract. 

The user receives the freshly issued USDC, but the replaced US dollars are retained in reserve.

CENTRE consortium is the company that established the USD coin. 

The consortium consists of two companies, Circle - a payment services company, and Coinbase - a cryptocurrency exchange platform.

On the Bitcoin Store platform, you can easily buy USD Coin and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store USD Coin in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store USDC on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: