At Blocktrade we strive to offer you a selected range of assets. Therefore, we are pleased to present our latest listing to you today. As of now, the USD Coin (USDC) is available on Blocktrade creating six new trading pairs.
USD Coin
USDC was launched in 2018 by the Centre consortium, a collaboration between the financial service provider Circle and the crypto exchange Coinbase.
USDC is a stablecoin pegged to the US Dollar, every USDC token is backed by a dollar held in reserve. The USD Coin is issued by regulated financial institutions, which are obligated to provide full transparency and work with different financial institutions to maintain full reserves of the fiat currency pegged to the USDC.
Stable Coins
Stablecoins are digital assets designed to mimic the value of fiat currencies such as the US Dollar or the Euro. It enables users to transfer value around the globe in a cost-efficient and fast manner while maintaining price stability.
These assets see minor price movement and follow the value of the underlying asset or fiat currency very closely. Therefore, stablecoins serve as a reliable safe investment in the midst of volatile markets.
Trading Pairs
We’re happy to announce that the listing of USDC has created six new trading pairs which are now available on blocktrade.com.
- Bitcoin (BTC/USDC)
- Ethereum (ETH/USDC)
- XRP (XRP/USDC)
- Bitcoin Cash (BCH/USDC)
- Litecoin (LTC/USDC)
- Stellar (XLM/USDC)
Stay tuned for more new listings!
Disclaimer
This is not a financial advice. Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. We would like to encourage you to do your own research and invest at your own risk.
