We’re now offering a new stablecoin in one of our latest asset classes. USD Coin (USDC) is a fiat backed stablecoin, developed by the CENTRE Consortium. Bitpanda users can now buy, sell, deposit, send and swap it.
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.
What can I do with USD Coin (USDC) on Bitpanda?
You can buy, sell, deposit, send and swap USD Coin (USDC) on Bitpanda.
Buy and Sell
You can also deposit USD Coin (USDC) from other exchanges on to your Bitpanda account.
You can also send your USD Coin (USDC) from Bitpanda to external services.
Once you’re holding USD Coin (USDC) on your Bitpanda account, you can quickly and easily swap it with Bitcoin, Litecoin, Ethereum and any other cryptocurrency and digital asset available on Bitpanda.
Tip: By using Bitpanda Swap you pay less fees than if you do the trades individually. Learn more about the benefits of Bitpanda Swap.
Keep in mind that USD Coin (USDC) and USD are two different things, which is why you won’t see USD Coin (USDC) in your Fiat Wallet. To find your USD Coin (USDC) wallet navigate to Wallets and scroll down to My Portfolio.