You can now buy USDC (USD Coin) using leading cryptocurrency platform OVEX’s Request for Quote (RfQ) service.
OVEX customers can now buy and sell the stablecoin as they please.
As the local cryptocurrency platform with the deepest liquidity, OVEX is now the best place to trade USDC.
What is USDC?
USDC is a cryptocurrency tethered directly to the price of the US Dollar, which is referred to in the industry as a stablecoin.
The benefit of USDC being a stablecoin is that it is far less prone to significant price fluctuations, and this is why many prefer stablecoins as a transactional cryptocurrency.
USDC offers identical value to a fiat US dollar and is powered by Ethereum, so it is easy to buy and sell this cryptocurrency around the world.
Its stable value also makes it easy to use for cryptocurrency arbitrage, as well as for interest accounts.
Massive interest rates
The case for buying USDC is enhanced further when you consider the great interest rates offered by OVEX’s interest accounts.
These accounts are incredibly popular thanks to their high interest rates, and USDC is one of the most popular account types.
USDC interest accounts on OVEX offer a 9% annualised interest rate and only require a minimum account balance of 100 USDC.
The withdrawal notice period is just 30 days, too, meaning you don’t have to lock your money away for ages to get this impressive interest rate.
Because you can now buy USDC through OVEX’s RfQ service, it is even easier to top up your account and make more interest than ever before.