USD Coin (USDC) is a fully-backed stablecoin pegged 1:1 to the US Dollar, offering a reliable and transparent digital asset for transactions and trading. Built on multiple blockchain networks like Ethereum and Solana, USDC provides a secure and efficient way to move money globally while maintaining price stability, making it ideal for both individual and institutional use.
Launched in 2018 by Circle and Coinbase as part of the CENTRE Consortium, USD Coin was developed to provide a compliant and transparent stablecoin solution. Each USDC token is backed by a reserve of equivalent US dollars, audited regularly to ensure trustworthiness. Over the years, USDC has grown to become one of the most widely adopted stablecoins, playing a critical role in the DeFi ecosystem and crypto markets.
What is USD Coin (USDC)?
USD Coin is a fully-backed stablecoin pegged 1:1 to the US Dollar, offering a reliable and transparent digital currency for trading and transactions.
How do I buy USDC on Elbaite?
To purchase USDC, create an account on Elbaite, verify your identity, deposit AUD, and place a buy order for USD Coin securely.
What makes USDC unique?
USDC is fully backed by reserve assets and undergoes regular audits to ensure transparency, providing trust and stability for users.
What is USDC used for?
USDC is commonly used for trading, hedging against market volatility, participating in DeFi projects, and transferring funds globally.
Is USDC secure?
Yes, USDC is built on multiple blockchains, such as Ethereum and Solana, ensuring secure and efficient transactions across networks.
Who issues USD Coin?
USD Coin is issued by Circle and Coinbase as part of the CENTRE Consortium, ensuring compliance and operational integrity.
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623 185 875
Elbaite Pty Ltd is a registered DCE with AUSTRAC:
DCE 100593224-001
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Elbaite Pty Ltd (ACN 623 185 875) operates a digital currency exchange registered with AUSTRAC. Please note that digital asset prices can be volatile. Elbaite does not provide digital wallets and we do not have access to your digital currency. We will never ask for the private keys to your digital currency wallet. Elbaite is not liable for any losses you may incur, and you are solely responsible for your investment decisions. Before deciding if our services are right for you, take into consideration your own financial situation & needs and/or obtain professional financial or taxation advice from a licensed provider. Elbaite does not provide financial advice and Elbaite does not have any affiliation with external traders, advisors or trading platforms.