New to stablecoins? Allow us to introduce you.
A stablecoin is a type of cryptocurrency that maintains a stable value, either by being pegged to an external asset or through the use of an algorithm.
Want to add one to your crypto portfolio? Wirex has a stablecoin for everyone. Once you’ve found the one for you, get started by transferring it to your Wirex account from an external wallet. You can then spend it in real life with the Wirex card, or withdraw it from an ATM in seconds – there’s no need to exchange it to fiat currency first!
Need help deciding? Here’s a brief introduction to one of the biggest: USDC.
One of the best-known stablecoins around, Circle’s USD Coin is pegged 1:1 to the US dollar. It’s backed by cash and short-duration US Treasuries with a whopping 55 billion USDC in circulation as of July 2022. USDC is currently the fourth largest cryptocurrency by market cap.
*The Wirex Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc
*Cryptocurrencies are automatically converted to U.S. dollars at point of sale and ATM withdrawals.
*Virtual currency services are provided by Zero Hash LLC.