USD Coin (USDC) is now available on the Bitpanda platform. You can deposit, send, trade and swap USDC from today. This is another step for us to give our users even more flexibility by offering multiple stablecoins as a new asset class.
We are currently expanding our trading platform to other asset classes beyond cryptocurrencies. Just one week ago we added Tether (USDT) as the first stablecoin to the Bitpanda platform. Now we can already happily announce the addition of the second entry in this new asset class.
USD Coin (USDC) is a stablecoin developed by the CENTRE Consortium, which was co-founded by Coinbase and the Goldman Sachs Group-backed fintech Circle.
USD Coin (USDC) is a fiat backed stablecoin, which means that 1 USDC is backed by 1 US-Dollar on the bank account of the issuer. Like with other stablecoins the actual fiat value of 1 USDC can fluctuate slightly, but in general, it tries to hold its value around a specific asset. In this case, the value of 1 USDC is supposed to stay at around 1 US-Dollar.
If you want to learn more about stablecoins, head over to the Bitpanda Magazine to find out more about this new asset class.
Also available in the Bitpanda App for Android
Bitpanda is also available as an app for Android devices. You can now deposit, send, trade and swap USD Coin (USDC) while you are on the go.