How does auscoin work?

AUSCOIN aim to remove these barriers by building a nation-wide network of 1200+ ATM access points and allowing the general public easy access to cryptocurrencies. AUSCOIN and our growing network of ATMs offer a practical way to spend, buy and sell cryptocurrencies using a familiar, user-friendly interface.

What is USD Coin (USDC)?

As its name suggests, USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is the currently the second-largest stablecoin, with a current market capitalization of $73 billion.

Is USD Coin a stablecoin?

USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is the currently the second-largest stablecoin, with a current market capitalization of $73 billion. USD Coin and Tether (USDT) together account for 80% of the capitalization of the global stablecoin market.

How do USD coins work?

USD Coins aren’t just being printed out of thin air. Circle guarantees that every USDC token is backed with a single US dollar. The process of turning US dollars into USDC tokens is called tokenization. 1) A user sends USD to the token issuer's bank account. 2) The issuer uses USDC smart contract to create an equivalent amount of USDC.