What is USD Coin (USDC)?
USD Coin (USDC) is a stablecoin pegged to the US Dollar, created to provide a stable and digital alternative to traditional currencies. Launched in September 2018 by Centre, a collaboration between Coinbase and Circle, USDC was designed to integrate the dollar's stability with the technological advantages of cryptocurrency. As a stablecoin, USDC maintains a 1:1 value ratio with the US Dollar, ensuring minimal volatility compared to other cryptocurrencies. This stable value makes it an attractive asset for transactions, trading, and hedging against crypto market fluctuations.
The coin can be used for various purposes, including remittances, online purchases, and as an entry point into the digital asset market. Its integration into various platforms and exchanges has made it a popular choice for those seeking stability in the volatile cryptocurrency environment. Additionally, USDC’s open-source framework allows for wide usage in blockchain-based applications, making it a cornerstone in the growing field of decentralized finance (DeFi).
The coin can be used for various purposes, including remittances, online purchases, and as an entry point into the digital asset market. Its integration into various platforms and exchanges has made it a popular choice for those seeking stability in the volatile cryptocurrency environment. Additionally, USDC’s open-source framework allows for wide usage in blockchain-based applications, making it a cornerstone in the growing field of decentralized finance (DeFi).
Why choose Rabbit Wallet for USD Coin?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your USDC with ease. Check out some cool features that make Rabbit stand out:
Exchange USD Coin (USDC)
With the Rabbit's built-in coin swap feature, you can exchange your USD Coin for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your USD Coin, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.