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What is USDC

USD Coin (USDC) was created in 2018 by Circle to provide a digital version of the U.S. dollar that people and businesses could use for payments on the Ethereum blockchain. The coin is backed by actual U.S. dollars held in reserve, and its value is meant to stay relatively stable compared to other cryptocurrencies. USDC is currently the second-largest stablecoin by market capitalisation, behind only Tether (USDT).

Built on the ERC-20 standard, USDC is compatible with a wide range of wallets and applications. The coin also offers faster transaction times and lower fees than traditional banking methods.

USDC is currently used by major corporations, financial institutions, and organisations worldwide. Moreover, USDC is quickly becoming the standard for digital currencies with its growing adoption.

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Understanding USDC

USDC is a type of stablecoin that is pegged to the price of the U.S. dollar, which means that each USD Coin is worth precisely one dollar. Unlike some other cryptocurrencies, USDC is supported by real dollars held in reserve by a consortium of financial institutions. This system ensures that each USD Coin always has a value of one dollar, no matter what happens to the price of other cryptocurrencies. As a result, USDC can be seen as a more stable and reliable form of cryptocurrency than many others and can be used to purchase goods and services just like any other dollar-denominated currency.

USDC is an important step in the development of the cryptocurrency industry. By providing a digital currency that is backed by actual dollars, USDC brings much-needed stability to the sometimes volatile world of cryptocurrency. In addition, the coin’s compliance with financial regulations makes it a safe and trustworthy choice for those looking to use cryptocurrency for payments or investments.

How does USDC work technically?

Here’s how USDC maintains its 1:1 peg with the U.S. dollar:

  • In order to mint new USDC, users must first deposit U.S. dollars into a designated account at a licensed financial institution. Once the user makes a deposit, Circle issues an equal amount of USDC to the user’s wallet address on the Ethereum blockchain.
  • Then, to redeem USDC for U.S. dollars, the user must send their USDC to a designated account, which will then issue a wire transfer to the user’s bank account and the USDC is deleted from circulation.
  • This process of minting and burning USDC ensures that the supply of USD Coin always matches the amount of U.S. dollars held in reserve.
  • The USDC system is designed to be transparent and auditable. Circle publishes regular reports on the reserves held, and the USDC smart contract on the Ethereum blockchain is open source and available for anyone to view.

Use cases for USDC

Given that USDC is a stablecoin, its uses far surpass those of other cryptocurrencies, which are often too volatile to be used for everyday transactions. As a result, USDC can serve a wide range of purposes, including:

  • Hedge against volatility

As the U.S. dollar backs USDC, it can act as a way to hedge against the volatility of other cryptocurrencies. For example, if you’re holding ETH and the price starts to fall, rather than selling your ETH and taking a loss, you could change some of it into USDC. This conversion would give you a stable form of currency to hold while the price of ETH falls, and you can then convert your USDC back into ETH when the price recovers.

  • Stable price-pegging

USDC can be used to represent equity or other assets that are denominated in U.S. dollars but whose prices fluctuate. So say you’re holding stock or other assets and commodities priced in dollars but the value of the dollar changes, you can use USDC to maintain the value of your investment.

  • Blockchain interconnection

By being compatible with several autonomous blockchains, USDC can be used to integrate payment systems and applications seamlessly. This benefit allows for the quick and effortless transfer of value between different blockchain platforms without converting to another currency. Therefore, it makes it an ideal way for businesses that operate in multiple jurisdictions or use various blockchains. For instance, a company that uses Ethereum to run its smart contracts but also needs to make payments in Bitcoin could use USDC to convert ETH to BTC.

  • Earn interest

Because USDC is a digital currency, it can be stored in a cryptocurrency wallet and used to earn interest through a process called staking. Staking is a way for investors to earn rewards for holding onto their USDC, and by doing so, helping secure the network and earn a return on their investment. For example, you can purchase or deposit your USDC into AQRU and earn interest on your holdings.

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How to get USDC & how to use it

With AQRU, you can invest in cryptocurrencies with confidence. Our secure and easy-to-navigate platform allows you to start earning high-interest yields on the USDC you buy, transfer or hold immediately. Receive competitive returns on your investment, paid daily and tracked to the second. Plus, have complete control over your assets by using our mobile app, which allows for efficient monitoring and management of your account from anywhere and at any time.

For complete step by step guides on how to get up and running, take a look at our FAQs and Help Centre.

To get started, simply:

Deposit

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Deposit funds into your new AQRU wallet via bank transfer, credit card or crypto transfer.

Invest

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Invest in USDC with confidence and security.

Earn

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Sit back and enjoy earning daily interest on your investment.

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Advantages of USDC

There are many advantages to USDC, including:

  • Stability

The main advantage of USDC is that it’s a stablecoin, meaning that its value is permanently pegged to the dollar. As a result, it’s less susceptible to volatility than other cryptocurrencies. This feature makes it ideal for use in applications where stable prices are essential, such as in payment processing or invoicing.

  • Blockchain interoperability

As USDC is built on the Ethereum blockchain, it is compatible with all Ethereum-based applications and protocols, allowing for easy integration of USDC into existing platforms and systems.

  • Security

USDC is a digital currency, which means you can store it in a cryptocurrency wallet. This perk provides an extra layer of security as your USDC is not held by a central party and is protected by the cryptography of the Ethereum blockchain and any additional security measures implemented by the platform.

  • Transparency

All transactions made in USDC are recorded on the Ethereum blockchain. This public ledger makes it easy to track and verify all transactions, providing a high degree of transparency.

  • Regulated & Audited

USDC is a regulated and audited currency, meaning it meets all the legal requirements of traditional money whilst still benefiting from the advantages of blockchain technology.

Be aware of the risks

There are disadvantages to everything in life, and the same goes for investing in digital assets. So while there are many advantages to using USDC, it’s also essential to be aware of the risks involved.

  • Limited price appreciation

As USDC has its value pegged to the dollar, it doesn’t have the same price appreciation potential as other cryptocurrencies. So while investors can enjoy a steady return on their assets as the value of USDC generally remains unchanged, they won’t be able to take advantage of any sudden price increases in the way they could with other assets.

  • Stablecoin competition

USDC is not the only stablecoin on the market. There are a number of other stablecoins available, such as Tether (USDT) and DAI. These coins offer similar benefits to USDC but with slightly different features. This competition could lead to lower demand for USDC and a corresponding decrease in its price.

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Start Earning Free USDC on Your Holdings Today!

Cryptocurrencies are becoming more popular than ever, and their value has been on the rise recently. With AQRU, you can earn interest on your investment paid daily and tracked to the second. There’s never been a better time to get started.

Use our calculator below to see how much you could earn by investing in USDC today.

This calculator is for informational purposes only.

Frequently Asked Questions

With AQRU, it’s easy to start earning more on your USDC holdings.

Why should I invest in USDC?

USDC is a digital dollar that offers users the stablecoin benefits of price stability and ease of use. Unlike some other stablecoins, USDC is backed by real U.S. dollars held in reserve. As a result, it’s one of the most trusted and transparent stablecoins on the market. When you invest in USDC, you are essentially investing in the U.S. dollar itself, which can provide you with a hedge against inflation and volatility in the cryptocurrency markets. In addition, USDC can be used to make purchases on major exchanges and platforms, providing you with a convenient way to store and use your money. As the cryptocurrency markets continue to evolve, USDC is likely to become an increasingly popular option for investors.

What are the USDC interest rates?

Here at AQRU, we are proud to offer market-leading interest rates of 3% APY on your USDC investments. We believe that your hard-earned money should work for you, which is why we pay interest daily and automatically reinvest it back into your account. This way, you can compound your returns and grow your investment over time. We understand the importance of financial security, and we’re dedicated to helping our clients reach their goals.

How does AQRU generate such high rates of return?

The founding team at AQRU is focused on two things; providing high yield investment opportunities for individuals without the time or resources to do it themselves and doing so in a way that offers better returns than traditional financial institutions. With this goal firmly embedded within our mission statement from day one – we’ve already succeeded!

We provide financing to retail and institutional borrowers who typically have difficulty securing funds through more traditional routes. As a result, these customers are willing to pay higher interest rates for the money they borrow – which means you get an excellent return on your investment.

We can generate generous profits by participating in decentralised exchanges, which we pass on to our clients. In addition, we insure all funds we deposit against hacking, so you can rest easy knowing that we’ve got your back.

What's the minimum amount I need to get started with USDC?

We’re passionate about giving everyone the chance to invest their money in a worthwhile venture, regardless of experience level or financial situation. That’s why we have a minimum deposit amount for deposits at €100 – so whether you’re just getting started with investing yourself or are a seasoned pro, there’s a place for you here at AQRU.

Is AQRU secure?

The safety of your personal information and funds is our top priority. We’ve implemented several measures to ensure your data and assets stay safe, such as Multi-Signature Wallets, the latest encryption technology and Two-Factor Authentication for an extra layer of protection when completing actions on your account.

We also have a $30 million insurance policy to cover the value of your investment in the improbable event of a hack.

In short – yes, AQRU is a secure platform for you to grow your money!

Do you charge any fees?

AQRU is committed to transparency and honesty with our customers. When you buy USDC on our platform, there are no surprise costs or fees – ever! We don’t charge our users to transfer or hold their investment with us and even withdrawals in fiat are entirely free. There is a $20 flat fee when withdrawing your funds as crypto.

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Make money from USDC with AQRU

In a world where prices are volatile and constantly changing, stability is everything. USDC offers a degree of financial durability for those who invest in it. Here at AQRU, we enable you to harness that stability and use it to generate returns on your investment. With our easy-to-use platform, you can start earning interest on your USDC straight away. There’s no need to worry about the technical aspects of crypto – we take care of all the hard work for you. All you need to do is sit back and watch the interest AQRU.

So why wait? Invest in USDC with AQRU today and be on your way to a brighter financial future.

Sign up with AQRU today and receive $10 USDC free!

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