What is USDC? A Complete Guide to USD Coin
What is USDC?
USDC (USD Coin) is a digital stablecoin that is pegged to the United States dollar. For every USDC in circulation, there is one US dollar held in reserve, making it a fully-backed and transparent cryptocurrency.
How Does USDC Work?
USDC operates on multiple blockchain networks including Ethereum, Solana, and Base. When you hold USDC, you’re holding a digital representation of US dollars that can be:
- Sent instantly to anyone in the world
- Converted to local currencies
- Used for payments without traditional banking fees
- Stored securely in digital wallets
Benefits of Using USDC
1. Stability
Unlike Bitcoin or Ethereum, USDC maintains a stable value of $1 USD. This makes it ideal for everyday transactions and international transfers.
2. Speed
USDC transactions settle in seconds, compared to days for traditional bank transfers.
3. Low Fees
Sending USDC costs a fraction of what traditional wire transfers charge. With Autospend, you can send USDC globally with zero on-chain fees.
4. Transparency
Circle, the company behind USDC, publishes regular attestation reports proving the reserves backing every USDC token.
How to Send USDC Internationally
With Autospend, sending USDC to over 60 countries is simple:
- Create an account on Autospend
- Add USDC to your wallet
- Choose your recipient’s country
- Enter the amount and recipient details
- Send - funds arrive in minutes
USDC vs Other Stablecoins
| Feature | USDC | USDT | DAI |
|---|---|---|---|
| Backing | 100% USD reserves | Mixed reserves | Crypto-collateralized |
| Transparency | Monthly attestations | Quarterly reports | On-chain |
| Regulation | US regulated | Offshore | Decentralized |
Start Sending USDC Today
Ready to experience fast, low-cost international transfers? Send USDC with Autospend and convert to local currencies in 60+ countries.
Autospend is the easiest way to send and spend USDC globally. Zero on-chain fees. Instant transfers.