What is USD Coin (USDC)?

Cryptocurrency exchange FTX has teamed up with crypto payments company Circle to extend its stablecoin offering, adding additional support for USD Coin (USDC). USDC, jointly created by Circle and cryptocurrency exchange Coinbase, is a dollar-pegged stablecoin, valued at $1 USD at all times.

How does FTX up its stablecoin support?

FTX ups its stablecoin support through a partnership with Circle. FTX is a Hong Kong-based crypto derivatives exchange. Image: Shutterstock Cryptocurrency exchange FTX has teamed up with crypto payments company Circle to extend its stablecoin offering, adding additional support for USD Coin (USDC).

Does FTX US use USDC?

No, it doesn't appear FTX.US uses USDC for any trading pair and it's not an option for conversion. I've done it on KuCoin which has low fees and doesn't require KYC. If you already have the token in a hot wallet, I'm sure there are Defi sites you could use to swap too but I don't have experience in this to recommend one.

What is USDC (USDC)?

USDC is a dollar-pegged stablecoin designed to be valued at $1 USD. It was jointly created by Circle and cryptocurrency exchange Coinbase in September 2018 and is maintained by a consortium called CENTRE. Its circulation has grown from 400 million in early 2020 to over 15 billion today.