USD Coin (USDC), the FIAT-based stablecoin, is now available to trade on the Kinesis Exchange.
An important addition to the Kinesis ecosystem, USDC – the second-largest FIAT-based stablecoin in the cryptocurrency industry – brings deep, stable liquidity and its stellar market reputation to Kinesis.
What is USD Coin (USDC)?
USD Coin (USDC) is a FIAT-based stablecoin, with its price pegged to the value of the underlying currency; the price of one US dollar ($1).
USDC is the fourth-largest cryptocurrency by market capitalization, with more than 49 billion USDC tokens currently circulating throughout the cryptocurrency ecosystem on exchanges, wallets and DeFi platforms.
Trading and spending USDC with Kinesis
Platform users can trade USDC against selected leading cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH), the US dollar and Kinesis’ native gold and silver-based stablecoins, Kinesis Gold (KAU) and Kinesis Silver (KAG).
In an important development for the cryptocurrency industry, USDC will become spendable on the Kinesis Virtual Card alongside the existing pool of available digital assets.
Available in over 60 countries globally, including the UK, Eurozone, Canada, Latin America, Australia and Oceania, the new virtual card will allow users to spend crypto and physical gold and silver in real-time, with instant conversion to local currency at 80+ million locations globally with Mastercard.
USDC will also be tradeable on Kinesis Pro – Kinesis’ professional cryptocurrency trading platform scheduled to release later this year. The platform will bring a professional trading experience to Kinesis users and feature high liquidity trading pairs, innovative trading tools and best-in-class security.
The USDC listing will enable KAU and KAG, Kinesis’ native gold and silver-based assets, to be traded more efficiently and broadly against multiple stablecoin pairings and expand the global availability of the asset for cryptocurrency and digital asset traders.
Start trading USDC on the Kinesis Exchange