The listing of USDC on Vibrant means that Vibrant users now have access to a best-in-class stablecoin to safeguard the value of their money.
Not only is USDC also regulated by US financial institutions, and backed by dollar reserves, but today there are over 5 billion USDC in circulation. This combination of US financial backing, circulation volume, and interoperability potential make USDC the world's leading dollar stablecoin. Its main attributes include:
Reliability: The stablecoin USDC is backed by dollar reserves guarded by financial institutions in the United States, making it a reliable safeguard alternative against the devaluation of the peso.
Transparency: USDC is issued by Circle, part of the Center Consortium, a partnership between Circle and Coinbase, and is audited monthly by accounting services firm Grant Thornton LLP.
No limits: There are no monthly restrictions to buying USDC *
More efficient than paper money: USDC's digital nature makes it easier to store and steward than cash.
* Transfers of more than 100,000 pesos per day and $ 400,000 per year, could be subject to more rigorous identity verification processes for more security and to prevent fraud.