How to Convert DOGE to USDC
Converting a traditional token like DOGE to a different type sounds risky, but stablecoins like USDC are specifically designed to minimize risk. Trade your DOGE for USDC to see if consistency is worth the lower probability of huge profits. When you work with Rubix, trading only takes seconds — and you will take part in a growing crypto community.
About DOGE & USDC
What is Dogecoin?
Creators Jackson Palmer and Billy Markus launched Dogecoin in 2013 to poke fun at cryptocurrency’s rising popularity. Dogecoin features the popular “doge” meme that was popular at the time. Despite its origins, Dogecoin skyrocketed in popularity and became one of the world’s top cryptocurrencies, earning attention from celebrities like Elon Musk. In 2014, the community donated 27 million Dogecoins to help the Jamaican bobsled team compete in the Winter Olympics.
While Bitcoin has a 21 million-token cap, miners can create an unlimited number of Dogecoins. This means that the community does not have to work harder over time as Dogecoin becomes increasingly scarce. When Dogecoin originally launched, users could get free tokens by completing tasks online or as a tip, but most opportunities dried up as Dogecoin became a major player in the cryptocurrency world.
Dogecoin processes transactions in one minute, making it faster than its contemporaries. In 2021, over 130 billion Dogecoins existed in the market. Dogecoin’s value increased 5,000% in the same year, although it experiences price fluctuations like any other token. Many people prefer Dogecoin over other tokens because it is faster, virtually unlimited, and accepted as payment at various businesses. The friendly meme also makes Dogecoin instantly recognizable.
What is USD Coin?
If your tokens drastically fluctuate in price every day, a stablecoin like USD Coin may provide consistency. US dollar in financial reserves backs up USD Coin to keep the price stable. One USD Coin equals $1 regardless of market trends. Trade USD Coin for US dollars and vice versa — you will always get the same amount for your money (minus trading fees).
With USD Coin, you can essentially send US dollars anywhere. Transfer these tokens to friends and relatives around the world without dealing with fees and delays. Some products and services also accept USD Coin. Since USD Coin is an ERC-20 token, you can use it on the Ethereum ecosystem.
Convert DOGE to USDC using Rubix
Adding a stablecoin like USDC to your portfolio may provide a cushion if the rest of your investments plummet. A combination of regular tokens and stablecoins could strike a balance between large returns and steady investments. If DOGE underperforms according to your expectations, try joining the USDC ecosystem.
When you convert your tokens, your digital wallet keeps track of the transaction, so your portfolio displays your current net worth. Your portfolio updates as the market prices change, helping you stay on top of USDC’s current value.