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USD Coin – USDC Stablecoin Wallet

USD Coin (USDC) is a stablecoin that tracks the U.S. dollar 1-to-1, and it currently runs on the Ethereum network. USDC operates within regulated frameworks and U.S. money transmission laws, working with established banking partners and auditors. USDC is available on Zengo as an ERC-20 token: Buy, send, trade, and earn interest on USDC through Zengo Savings.


What can you do with Zengo's USD Coin (USDC) Wallet? ​

What do you need from a wallet? Most crypto investors will tell you that you need security, accessibility, and flexibility. They’ll also tell you that the two rarely go hand-in-hand! Wallets are either highly secure (with protocols that make it hard to access your coins) or really flexible (with security flaws).

Zengo is a rare wallet that offers the best security measures without compromising on flexibility and ease of use. Here are ways you can use it:

View USDC Portfolio

Nobody can afford to spend hours combing through forums or outdated and contradictory portfolio trackers — especially not crypto investors who need to act quickly and decisively. Zengo allows you to view your USDC portfolio and market trends in the app. You can sell, trade, or send USDC in the same app as the tracker so that you never miss a lucrative trading window.

Send and Receive USDC

You can share USDC with friends, send it to exchanges, or send it to another wallet with a simple tap or swipe. Zengo allows you to receive or send USDC by tapping or swiping the USDC asset on your home screen. You’ll be informed as soon as coins land in your wallet.

Buy USD Coin (USDC) on Zengo

Zengo is the easiest way to buy USDC, even if you’ve never bought crypto before. Zengo’s easy-to-understand and intuitive interface means that you can enter the cryptocurrency world by swiping or tapping an asset in the app. There are multiple crypto denominations to choose from and numerous convenient payment methods.

Buy Ethereum with Credit Card or Wire Transfer

Zengo offers several simple and convenient ways to buy ETH. Through our trusted and fully vetted payment partners, you can use your credit card, SEPA, mobile payment apps, and even bank transfers (if you are based in the UK or EU).

Trade or Exchange Ethereum for Bitcoin and Other Coins and Tokens

You don’t have to stick to ETH when you use Zengo. Trade Ethereum for any of the other supported assets available in Zengo, including DOGE, Tether, Bitcoin, and Shiba Inu.

Fiat to USDC Inu Gateway

Most wallets only allow you to purchase USDC using other forms of cryptocurrency. Zengo allows you to purchase USDC with crypto and fiat currencies, like Euros, pound sterling, or US dollars.

Buy USD Coin (USDC) with Credit Card or Wire Transfer

Zengo has a comprehensive list of payment methods available, and we keep adding to it. Pay via selected credit cards, mobile payment apps, SEPA, or Swift bank transfer (EU and UK). Terms and conditions may apply to bank transfers, including minimum spend amounts.

Trade or Exchange USD Coin (USDC) for Bitcoin, Ethereum, and Other Coins and Tokens

USDC is exchangeable for any other asset supported by Zengo, including the most popular cryptocurrencies in the world — Ethereum, Bitcoin, Shiba Inu, Tezos, and more.

Competitive Interest Accounts for Dozens of Crypto Coins

Zengo’s savings service provides better interest than leading banks! You can earn 5% APY on $50,000 for selected cryptocurrency held in your Zengo wallet, an industry-leading offer. New coins are added all the time, so keep an eye out.

9 Things you Should Know about USD Coin

Interested in USDC? Stablecoins are compelling investments, but it’s best to learn more about them before taking the leap. Here are some facts and insight about USDC for novices to help you get started:

1. What is USD Coin (USDC) Cryptocurrency?

USDC is a stablecoin backed 1:1 by dollars in a bank account. Cash makes up just over 60% of its reserves — more than leading competitor Tether.

2. Who Created USDC?

USD was founded by Centre, founded by Circle’s Jeremy Allaire and Sean Neville. 

3. Why was USDC Originally Created?

USD Coin was founded in response to the launch of Tether, the world’s first stablecoin. The founders wanted to create a stablecoin with even stricter guidelines. USDC emulates Tether by providing a more stable and convertible cryptocurrency, but, in contrast to Tether, the company follows strict governance policies and explicit regulations for USDC creation and redemption. Members of the Centre consortium are required to meet stringent compliance guidelines.

4. When Was USDC Introduced?

Centre was founded in 2013, but USD Coin was only introduced to the market in 2018. It was announced in May 2018 and officially launched in September 2018.

5. How Many Tokens were Created?

 A reported 41.1 billion USDC is in circulation as of Dec 2021, according to Circle. 1.4 Trillion USDC has been transferred on-chain since its inception.

6. What Kind of Blockchain does it Run on?

USDC is natively supported on Ethereum as an ERC-20 token, on Algorand (ASA token), Solana (SPL token), TRON as a TRC-20 token, and Stellar (native asset).

7. Who are the most popular supporters of USD Coin?

Shark Tank’s Kevin O’Leary has publicly said he likes USDC as a crypto investment. 

8. Does USD Coin Have an Online Community?

Yahoo Finance has an active forum that discusses the currency. 

9. Where Can I Use USD Coin in Real Life?

Coinbase merchants can accept USDC, and Visa has announced that they will support transaction settlement with USDC, so you’ll be able to buy a lot using your USD Coin in the near future.

Fun Facts about USD Coin

USDC issuers must report their USD holdings every month. It is published online by an accountancy firm for anyone to view.

At its launch, USDC was the second biggest stablecoin globally and the sixth biggest cryptocurrency.

USDC operates within regulated frameworks and US money transmission laws, working with established banking partners and auditors. Only eligible financial institutions may become members of the Centre consortium.

A minimum of USDC is redeemable on business days only.

Why Choose Zengo?

Zengo is a one-stop-shop for all your cryptocurrency needs. The wallet has several unique features that make trading a breeze, whether you are highly experienced or a complete beginner.

Portfolio Accessibility

With Zengo, you can access your crypto portfolio at any time. Buy, trade, view, or send Ethereum to friends and family on the go, whenever you need to. Unlike other wallets, there are no minimums, no maximums, and no expensive transaction fees. Just safe and simple transacting.

USD Coin Keyless Wallet Security

We know how important security is when it comes to crypto trading. Zengo uses best-of-breed technology to protect your coins. By combining safeguards that include facial recognition, threshold key signatures (TSS), and 
3-factor authentication, your wallet is highly secured at all times.

Control your Crypto

Many wallets keep a tight leash on their clients’ tokens, but not Zengo. You’re always in control and can buy Ethereum or other cryptocurrencies at any time without penalties or transaction fees.

Effortless Recoverability

Zengo will be able to restore access to your wallet and your coins through its authentication methods. If you lose your device at any time, our helpful agents will help you recover access in no time. 

24/7 Support with Live Agents in-App

At Zengo, we love automation and technology but not for our helpdesk. Find live support agents directly in the app, whenever you need them. We’re available 24/7. Zengo will help new crypto investors every step of the way.

Is anything unclear?

USDC Crypto Wallet FAQ

Questions? We've put together a list of the most commonly asked questions about USD. 

Zengo is the best app for novices, even if you’ve never worked with crypto before. Download the app from your preferred app store and buy your USDC tokens directly from the home screen. You can choose between USDC and multiple currencies and buy them using multiple payment methods.

As a secure crypto wallet, you can safely store your USDC coins with Zengo until you are ready to access and spend them. USDC doesn’t use a key but instead requires authentication on both your device and our server. This makes it much harder for nefarious parties to access your wallet, even if they are in possession of your phone!

As a secure crypto wallet, you can safely store your USDC coins with Zengo until you are ready to access and spend them. USDC doesn’t use a key but instead requires authentication on both your device and our server. This makes it much harder for nefarious parties to access your wallet, even if they are in possession of your phone!

Zengo makes it easy to set up your wallet. Here’s how:

  1. Start by installing the app on your phone.
  2. Swipe right. You’ll see a button called Get Started. Swipe the button. 
  3. Enter and then confirm your email address from your inbox. 
  4. Follow the facial recognition prompts.
  5. Click “Backup Now”. Repeat facial recognition.

Congratulations! You’ve set up a wallet!

Your Zengo wallet address is generated automatically in the app. To view your address, tap the asset, swipe right, and read the numbers and letters that will appear below the QR code. That’s your address!

You can send someone USD Coin via Zengo by swiping left when you tap the asset on the home screen. You’ll need their wallet address to send the coins to. If they join Zengo, we’ll give you a referral bonus and give them additional coins if they spend $200 or more in their first month.

The Zengo app will take you through the process step by step. Start by downloading the app. You’ll first be given prompts to confirm your email account, followed by additional prompts for facial recognition. Once completed, you’ll have a fully functional USDC wallet account. Just make sure to back up your account regularly!

All you need to send USDC to friends, exchanges, or other wallets is the wallet address. The wallet address can be accessed in Zengo by tapping on the asset on your home screen and swiping right. If you want to send USDC, swipe right or tap on the USDC asset in your app and enter the wallet address you want to send the USDC to. Then, click send!

The sender will need your USDC wallet address. You’ll receive an in-app notification that the coins have landed. You can start trading your coins right away.

Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.