What is USDC: the Circle stablecoin explained
USDC is a US dollar stablecoin issued by Circle, redeemable one-to-one and available on several blockchains.
USDC (USD Coin) is a stablecoin issued by Circle. Like USDT, one token is meant to equal one US dollar, and Circle publishes regular reports on the reserves that back it. USDC is popular with companies and platforms that prefer a regulated issuer with transparent reporting.
Circle issues USDC natively on Ethereum, Solana and a number of other networks. On BNB Smart Chain the widely used version is Binance-Peg USDC, a token issued via Binance and backed by USDC it holds, not a token Circle issues on BSC directly. For a merchant it behaves the same way, but it is worth knowing which contract you are actually accepting.
Compared with USDT, USDC has a smaller share of retail payments in the CIS but is common among international customers, DeFi users and businesses that already keep balances in it. Offering both stablecoins increases the chance that the customer can pay from what they already hold, without converting first.
Typical mistakes are the same as with any token: sending USDC on the wrong network, confusing the native and bridged versions on networks where both exist, and not accounting for decimals (USDC uses 6 on Ethereum and Solana, while the Binance-Peg version on BSC uses 18). On Solana the recipient also needs a token account for USDC, which is created automatically by most wallets.
Moonvex accepts USDC on Ethereum, BNB Smart Chain and Solana. You can set the price in USD or directly in the coin, and the amount due is fixed when the invoice is created.