How to Convert ATOM to USDC
In the past, converting cryptocurrencies was difficult. You would have to search for a specific individual selling ATOM for USDC and strike a deal. Now, with the advent of cryptocurrency exchanges such as Rubix, you have more options than ever before. Trading cryptocurrencies is fast, simple and secure.
About ATOM & USDC
What is Cosmos?
Cosmos (ATOM) is a cryptocurrency that, rather than operating on a single blockchain, powers an ecosystem of blockchains. These blockchains are designed to scale and interoperate. The team’s stated goal is to “create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way.” Cosmos is a Proof-of-Stake chain, meaning that ATOM holders can stake their tokens to maintain the network. They then receive more ATOM tokens as a reward.
Cosmos currently has over 260 apps and continues to grow, with over $115 billion digital assets under management. Cosmos apps and services use IBC (Inter-Blockchain Communication protocol) to connect, enabling users to exchange assets and data freely across sovereign, decentralized blockchains.
What is USD Coin?
USD Coin, or USDC, is a stablecoin that is pegged to and nominally backed by USD. However, in June 2021, its managers, Centre, updated its website to state that USDC was now “backed by fully reserved assets” rather than just backed by USD, so it is unclear how much USDC is now backed by USD fiat currency. Centre is a consortium founded by Circle made up of members including the cryptocurrency exchange Coinbase and the Bitcoin mining organization Bitmain.
To obtain USDC, you can send USD to a coin issuer, which will then use a smart contract to create the USDC. The tokens are then sent to the user and the USD is held in reserve.
Convert ATOM to USDC using Rubix
It is easy to acquire ATOM using the trading tools built into Rubix that enable direct trading from your account. As well as ATOM to USDC conversions, the app supports hundreds of other cryptocurrencies which you can easily exchange. Rubix makes it easy to manage your cryptocurrency assets, and you can also exchange your ATOM and USDC tokens directly for fiat currencies, such as USD, EUR or GBP.
Send funds to friends and family, pay for products and services or just invest for the future, all the while knowing your funds are safe. Keep your ATOM to USDC transactions safe and secure with Rubix.