SimpleFX has just added USD Coin accounts and payments. USDC is a stable coin, like Tether, pegged to USD. USDC transactions run through the ethereum blockchain, can close in 20 seconds, and are nearly free.
The cryptocurrency was released in September 2018. According to Circle, the company that runs the project, there are over 3 billion USD Coins circulating.
Yesterday, Circle partnered with the electronic payment giant Visa, which invested $40 million in the coin developer and will introduce USDC cross-border transactions between companies. Circle startup has raised $271 million in venture capital investment so far.
With USDC on board, you can now deposit money and trade with an account using 10 different cryptocurrencies:
- Bitcoin cash
- Ethereum classic
- USD Coin.
There are no limits to SimpleFX trading. Get access to global stock markets, forex, commodities, and cryptocurrencies from anywhere in the world.