Why do crypto investors buy USDC?

When crypto investors buy USD Coin, they expect one USDC to always be equal in value to one dollar. So why own USDC? The most common use case is to purchase USDC, store it on an exchange or in a crypto wallet, and then use it to fund purchases of other cryptocurrencies.

What is USD Coin (USDC)?

USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 USD Coin for US$1.00, giving it a stable price. On Coinbase, eligible customers can earn rewards for every USD Coin they hold. For customers with a US dollar bank account, 1 USDC can always be redeemed for US$1.00, giving it a stable price.

What is the largest cryptocurrency?

As the largest cryptocurrency, Bitcoin trends will often impact the entire crypto market. Stay up to date on what’s going on with Bitcoin, its price, and top news by signing up for Coinbase today. ETH/USD - The second largest cryptocurrency by market cap and arguably one of the most commonly used computing platforms.

Why should you invest in crypto under a dollar?

Many investors tend to flock to cryptos under a dollar because they can buy higher volumes of cryptocurrencies for a lesser price. While $100 might give an investor just a fraction of a Bitcoin, a $100 in crypto under $1 might get them hundreds of those.