USD Coin is a cryptocurrency that was created by the Bitcoin community in order to serve as a stablecoin. It is backed by the U.S dollar and will be used for payments on the BitPay platform. The coin has been designed to offer users with better security, faster confirmation times, lower transaction fees and greater transparency than other cryptocurrencies, all while maintaining its decentralization.

What are some of USD Coin’s features? The primary feature of USD Coin is that it can be used for payments on BitPay’s merchant network without requiring any conversion into or out of fiat currencies like dollars or euros. This means merchants do not have to worry about fluctuations in currency exchange rates when accepting payment in USD Coin from customers around the world. Additionally, there are no transaction fees associated with using this coin; instead, it charges a small fee per each individual transaction (0.0005). Finally, unlike many other cryptocurrencies which require their users to maintain large amounts of crypto-wallets and private keys – something which scares away many potential investors – USD Coins are stored locally within your wallet at all times so they cannot be lost or stolen if you lose access to your device (unlike traditional banks!). In addition, because USDC coins are issued directly by Bitpay themselves rather than being mined through proof-of-work algorithms like most other cryptocurrencies on the market today, there will never be any need for miners who mine them! Instead of having miners compete against one another over who gets paid first from block rewards – an increasingly common occurrence among other popular altcoins such as Ethereum – USDC holders receive their coins immediately upon making a purchase!