Why did you switch to USDC? And what are the benefits of USDC?

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 for more than $100,000 per day and  $400,000 per year, may be subject to  more rigorous identity verification procedures (KYC) to enhance security and help prevent fraud   

** The Vibrant app does not charge any fees or commissions when you buy stablecoins or make a withdrawal (government taxes may apply to transactions).