How to Use USDC？

USD Coin (USDC) is a 1:1 representation of one US dollar on the Ethereum blockchain. It’s an ERC-20 token and can be used with every app which supports the standard.

To tokenize or redeem USDC with Circle, you need to register an account, verify your identity (KYC), and link a legitimate bank account. Circle USD platform allows users to perform four core actions:

• Tokenize USD;
• Redeem USDC;
• Transfer USDC out to ERC20 compatible Ethereum addresses;
• Deposit USDC from external Ethereum wallet addresses.

Circle USDC doesn’t charge users any fees for tokenizing and redeeming services, except there is a $50 commission for incorrect and rejected bank transfers. For Coinbase USDC operations, all the standard fees apply.

A minimum USDC redemption amount is 100 USDC. The tokens are processed on business days only, and the process can take up to 24 hours.

There’s no minimum tokenization amount, and the process can take up to 2 business days.

In general, stablecoins like USDC are used to:

• Short cryptocurrencies without cashing out and make it easier to buy cryptocurrencies in the future;
• Avoid traditional financial instruments and institutions;
• Avoid hyperinflation (for people living in countries like Venezuela or Turkey);
• Send money instantly, globally, securely and at low cost;
• Purchase items in various crypto dApps, exchanges, and blockchain-based games.

Can I buy less than $1 of USDC?

You can buy fractions of USD Coin just like you can divide U.S. dollars into pennies. You can purchase as little as 0.001—equal to one-tenth of a cent—of USD Coin