USD Coin (USDC) is a digital dollar stablecoin and a child of Circle and Coinbase's consortium. According to Circle, USDC is issued by regulated financial institutions, backed by fully reserved assets and is redeemable on a 1:1 basis for US dollars (i.e. its price is always $1).

As a stablecoin, historically it has been less volatile than most other digital currencies. With USDC, you can transfer money across borders quickly and easily, without having to rely on any middleman.

NB: For USDC transfers, Cryptopay supports ERC-20 and TRC20 networks only. All the funds sent via other networks (e.g. BEP-20 etc.) will be lost forever.

In compliance with the Financial Promotion Act which came into force on 8 October, 2023, at 8 AM UTC, some account functionality is temporarily limited for the Cryptopay customers with verified UK residency.
Check what services are available: Service availability in the UK

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