How to Convert DCR to USDC
It is easy to convert Decred (DCR) to USD Coin (USDC) using a secure, private, reliable, fast, and efficient exchange platform like Rubix. Rubix has automated functions to expedite the exchange process. It has a calculator that automatically refreshes the exchange rates in real-time for DCR to USDC conversions. Users do not need to compute the exchange costs manually. Rubix offers competitive exchange rates compared to industrial rates.
About DCR & USDC
What is Decred?
Decred tries to solve the scalability problem that plagued Bitcoin at its creation. Decred is an autonomous decentralized cryptocurrency that uses a unique blockchain with Proof-of-Work (PoW) as its base layer and a Proof-of-Stake (PoS) extension. The outcome of the PoW and PoS is a hybrid consensus system that adds to the network’s security layer and produces a formalized governance model.
Security from the hybrid system provides long-term stability because it orients incentives between miners and voters. The digital currency’s purpose is to create a structure where everyone can own and operate the system, make their regulations, and determine the project’s direction. It achieves this through the built-in formalized governance that permits changes to its consensus rules while avoiding hard forks. The protocol’s funding system enhances sustainability. The currency receives funding from block rewards.
What is USD Coin?
USDC is an Ethereum-based stable coin pegged to the US dollar on a one USDC one dollar basis. It maintains price stability against the fluctuations in the crypto market through its backing by a federal reserve. The coin launched in 2018 and is currently the world’s second-largest stable coin. The coin developers are a consortium called Center.
Miners can use USDC as a hedge against volatility to stabilize their portfolios. Users can also use USDC to price their digital assets. The USDC’s stability is also significant in storing funds. It does not accrue bank charges, nor is it subject to fluctuations when remitted across borders.
Convert DCR to USDC using Rubix
Rubix is a safe, reliable, fast, and effective platform to convert your DCR to USDC. Users only need to open an account to convert their cryptocurrencies. Aside from exchanging DCR and USDC, users can also buy, sell, and transfer other cryptocurrencies. Furthermore, the platform is available 24/7 and from anywhere around the world.