USD Coin (USDC): Another Stablecoin Supported By the Ledger Nano S and X
U.S. Dollar Coin (USDC) is an Ethereum-based stablecoin launched in September 2018 by Coinbase. Because USDC is backed up at a 1:1 ratio to the US dollar, the USDC token represents fiat or government money fully regulated.
USDC can be easily moved across various cryptocurrency exchanges and platforms quickly which makes it a tool used by traders as well as investors looking for a stable blockchain-based asset.
To find out how to store the USDC token on the Ledger Nano X/S follow these simple steps.
Before you begin: You will need to have Ledger Nano X/S hardware wallet, and Ledger Live app installed on your computer or mobile device.
Before you begin: Make sure your Ledger Live application is up to date:
- Download Windows 10 Ledger Live update
- Download MAC OS Ledger Live update
- Download Android Ledger Live update
Note: to secure the USDC tokens you first need to have the Ethereum app installed on your Ledger Nano X/S. This is because USDC is an ERC20 token. Once Ethereum is installed you can then add USDC to your ETH account and manage your funds from there.
