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<h2>How USD Coin (USDC) Works</h2>
USD Coin (<a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a>) is a <a href="https://notum.ai/glossary/stablecoin">stablecoin</a> launched in 2018 by <a href="https://www.circle.com/en/">Circle</a> and <a href="https://www.coinbase.com">Coinbase</a>, two well-known cryptocurrency companies. This crypto is designed to provide a digital version of the US currency, where each USDC <a href="https://notum.ai/glossary/token">token</a> is pegged to the value of one dollar.
The main goal of <a href="https://notum.ai/buy/usd-coin">USD Coin</a> is to combine the benefits of <a href="https://notum.ai/glossary/blockchain">blockchain</a> technology with stable and familiar traditional <a href="https://notum.ai/glossary/fiat%2520money">fiat</a> money. Along with other stablecoins, USDC offers secure storage of value and the ability to transact on the cryptocurrency market without price fluctuations for other digital assets.
USDC operates on the <a href="https://ethereum.org/en/">Ethereum</a> blockchain using the <a href="https://notum.ai/glossary/erc%2520-%252020%2520token">ERC-20</a> token standard, which provides excellent integration with various <a href="https://notum.ai/glossary/dapp">dApps</a>, smart contracts, and cryptocurrency exchanges. Moreover, USDC has gained compatibility with other blockchain networks, which has expanded its availability and use.&nbsp;
As of now, <a href="https://notum.ai/buy/usd-coin">USDC</a> is one of the most popular stablecoin options for traders and investors in the crypto ecosystem. Its sustainability, broad industry support, and fiat pegging make it a trusted and widely accepted digital representation of the US dollar. With the increased demand for stablecoins, USD Coin is expected to play a significant role in facilitating secure transactions and providing stability in the changing crypto world.
<h2>Popular Crypto Assets</h2>
Our platform includes a wide range of popular crypto assets, such as Ethereum (<a href="https://notum.ai/assets/ethereum">ETH</a>), Tether (<a href="https://notum.ai/assets/tether">USDT</a>), USD Coin (<a href="https://notum.ai/assets/usd-coin">USDC</a>), Dai (<a href="https://notum.ai/assets/dai">DAI</a>), and many more. With <a href="https://notum.ai">Notum</a>, you can easily invest in cryptocurrencies and start your way of getting a crypto passive income.&nbsp;
Manage, <a href="https://notum.ai/buy">buy</a>, <a href="https://notum.ai/staking">stake</a>, swap, and hold your preferred assets in one place, while enjoying a user-friendly interface, robust security measures, and a blog with up-to-date articles from the world of cryptocurrency, <a href="https://notum.ai/glossary/defi">DeFi</a>, and <a href="https://notum.ai/glossary/blockchain">blockchain</a>.
Whether you are a seasoned investor or a beginner taking your first steps into the crypto space, the Notum platform offers the perfect environment to explore, learn, buy, and stake crypto. Join our platform today and start investing in any of the <a href="https://notum.ai/assets">250+ assets</a> available on the platform!

<h1>About USD Coin (USDC)</h1>
USDC, or <a href="https://coinmarketcap.com/currencies/usd-coin/">USD Coin</a>, is a popular and widely used <a href="https://notum.ai/glossary/stablecoin">stablecoin</a> in the cryptocurrency market. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> is an <a href="https://notum.ai/glossary/erc%20-%2020%20token">ERC-20 token</a> built on the <a href="https://ethereum.org/en/">Ethereum</a> <a href="https://notum.ai/glossary/blockchain">blockchain</a>, which means it follows the <a href="https://ethereum.org/en/">Ethereum</a> standards and can be stored in Ethereum-compatible <a href="https://notum.ai/glossary/wallet">wallets</a>. The main purpose of USDC is to provide a stable and reliable digital asset that is pegged to the US dollar, with a 1:1 value ratio. This stability is achieved by maintaining a reserve of US dollars equivalent to the number of <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> tokens in circulation, ensuring transparency and accountability.
<a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> has gained significant traction within the crypto ecosystem, as it offers a reliable means of transferring value without the volatility typically associated with cryptocurrencies like <a href="https://coinmarketcap.com/currencies/bitcoin/">Bitcoin</a> and <a href="https://coinmarketcap.com/currencies/ethereum/">Ethereum</a>. USDC is utilized in different <a href="https://notum.ai/glossary/defi">DeFi</a> applications, where users can earn interest, borrow, or lend <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> on various decentralized lending platforms. The widespread adoption and regulatory compliance have contributed to the growing popularity of <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> as a <a href="https://notum.ai/glossary/stablecoin">stablecoin</a> option for users seeking stability and liquidity in the fast-evolving world of digital assets. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> has a total supply of 26,044,730,210 USDC. The market capitalization of USDC is currently around $26 billion.
<h2>USDC Use Cases</h2>
USD Coin (<a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a>) has a variety of practical use cases within the crypto ecosystem:
<ul>
<li>Stable Value. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> is pegged to the US dollar, providing a stable digital asset that can be used as a reliable store of value without the price fluctuations common to other cryptocurrencies.</li>
<li>Fast and Low-Cost Transactions. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> enables efficient cross-border payments and transfers, allowing users to send and receive funds quickly and at a lower cost compared to traditional banking methods.</li>
<li>Decentralized Finance. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> plays a significant role in <a href="https://notum.ai/glossary/defi">DeFi</a> applications, such as lending and borrowing platforms, where users can earn interest on their <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> holdings or use it as collateral to borrow other cryptocurrencies.</li>
<li>Trading and Liquidity. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> is widely used as a trading pair on various cryptocurrency exchanges, providing liquidity and facilitating seamless trading between different digital assets.</li>
<li>Tokenization of Assets. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> can be used to represent real-world assets on <a href="https://notum.ai/glossary/blockchain">blockchain</a> networks, enabling fractional ownership and easier transferability of assets like real estate or commodities.</li>
<li>E-commerce and Payments. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> is used by merchants and businesses to accept cryptocurrency payments, providing an efficient and borderless payment option for customers.</li>
<li>Remittances. <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> can serve as an alternative for remittances, offering faster and cheaper cross-border money transfers for individuals and businesses.</li>
</ul>
<h2>What Can I Do With USDC on Notum Platform?</h2>
With <a href="https://notum.ai/">Notum</a>, investing becomes even easier and more affordable. You can choose among a huge number of cryptocurrencies, manage your assets without delays, and get the best rates. The platform offers you to buy, stake, and swap <a href="https://coinmarketcap.com/currencies/usd-coin/">USDC</a> and thus get a fast stable income in 2023.
<ul>
<li>Buy USDC</li>
<li>Swap USDC</li>
<li>Stake USDC</li>
</ul>

USD Coin (USDC) is a stablecoin pegged to the U.S. dollar in 1:1 ratio. USDC is issued by regulated financial institutions. The project aims to be head among the stablecoins and let USDC be used to settle transactions on its payment network. The creator's company is called Circle which says that every USDC coin is backed by a real dollar held in reserve.

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