Sell USDC for Naira; Have you ever heard of stablecoins? If you are a veteran crypto trader, whether you’ve traded with it or not, you must have heard other traders talking about “stablecoins.” Stablecoins, as the name implies, are a special type of cryptocurrency not affected by the exchange market’s volatility. Hence, they have a stable value.
USD Coin (USDC) is a type of stablecoin whose value is tied to the dollar. USDC can be called the digital dollar because its value is pegged at approximately 1 dollar, but it only exists online. The value of USDC and other stablecoins like USDT are backed by reserve assets like dollars or euros to achieve price stability. Hence, the price stability of USDC is the defining feature that separates it from other cryptocurrencies like Bitcoin and Ethereum.
During the bear market, while the value of Bitcoin and Ethereum fluctuated, the value of USDC remained constant. This makes USDC a safer form of investment for traders with low investment thresholds.
Where to sell USDC for naira
Because of the past administration’s ban on cryptocurrency in Nigeria, trading crypto has become quite difficult. However, this has not deterred the hustling spirit of Nigerians as more and more crypto trading platforms are being developed daily.
The problem with the rise in the number of exchange platforms borders on choice. It is increasingly becoming difficult to distinguish bad platforms from the good ones. Traders who have failed to make the right decision have usually been scammed or left with a terrible trading experience. This is about to change with Astro Africa.
Astro Africa is a customer-driven crypto exchange platform in Ghana and Nigeria. It is a platform created to cater to Nigerian traders’ ever-growing need for a good exchange platform. On Astro Africa, you can seamlessly trade your USDC, Bitcoin, Ethereum, Tron, and lots more at the best rates and get paid instantly. The platform is reliable and swift. For every trade you complete on the platform, you are left with a renewed trust in its credibility.
Astro Africa has also set the bar very high regarding security and customer service. As you trade on Astro Africa, be rest assured that your assets are 100% safe. Our developers continue to exploit world security technology to ensure that your assets are never stolen. Customer service is always available to address any complaints you might have while using the platform.
How to sell USDC for Naira on Astro Africa
Astro Africa sells crypto at the best rates. A quick visit to the Astro Africa rates calculator will convince you. The process of trading crypto for naira on Astro Africa is swift and easy. You do not need a tech background to understand the workings of the platform.
To sell USDC, you must first create an account with us using a valid email address, phone number, and full name. After creating an account, go to your dashboard and add a bank account to be quickly credited. With this account you can sell your USDC for naira at the best rates and trade other Cryptocurrencies.
How much is 1 USDC to Naira?
The current market capitalization of USDC, according to CoinMarketCap, is $27.9B. As stated earlier, USDC was designed to maintain a 1:1 value ratio with the dollar. Hence, every unit of USDC is backed by $1 held in reserve and U.S. Treasury bonds.
According to the Astro Africa rates calculator, the current rate of 1 USDC to naira is 1,380 naira. The value is subject to change because of the dollar exchange rate to naira.
Use cases of USDC
Here are some use cases of USDC.
- Easier accessibility to the domain of cryptocurrencies.
- For swift payments.
- Provides the basis for international donations alongside moving the roadblocks associated with cross-border bank transfers.
- Access to DeFi
Read also: Where to sell USDT for cedis
