1) A user sends a request to the USDC issuer to redeem an equivalent amount of USD for USDC tokens.2) The issuer sends a request to the USDC smart contract to exchange the tokens for USD and take an equivalent amount of tokens out of the circulation.3) The issuer sends the requested amount of USD from its reserves back to the user’s bank account. The user receives the net amount equivalent to the one in USDC tokens, minus all incurred fees). Buy Bitcoin Instantly via a Reputable Exchange Each and every buyer of CHANCER during the crypto presale has the opportunity to split a $100,000 giveaway prize. The native token has already raised $1.6m worth of investment, and its first crypto exchange listing has already been announced.
New crypto investors may not know much about PancakeSwap, the decentralized exchange that processes much of the Binance (CCC:BNBUSD) Smart Chain. Yet, try to buy any Binance token — from SafeMoon (CCC:SAFEMOON-USD) to Shiba Inu (CCC:SHIB-USD) — and you’ll quickly learn how essential CAKE is to the BSC network. What Is USDC coin? A stablecoin is a type of cryptocurrency that has a fairly consistent price. Stablecoins usually have this stable value because they are pegged to a fiat currency with a strong, stable value such as the US Dollar. This means that traders and investors can use stablecoins without fear of price fluctuations.