USD Coin (USDC) is a digital stablecoin that is pegged to the U.S. Dollar. USDC is redeemable 1:1 for U.S. dollars with reserves held in the management and custody of U.S. financial institutions (read more here).
Used in commerce, USDC enables faster transactions not held back by long settlement times of traditional processing systems or the intricacies of dealing with the currencies of different countries.
As of July 2023, more than 190 countries support USDC and approximately $27 billion in USDC is in circulation.
How does this relate to NHL Breakaway?
Given the international love for hockey and the NHL, using a common currency helps facilitate a smooth, easy flow of transactions for all members of the NHL Breakaway community. Whether you are living in Canada, the United States, or beyond, you can start your purchase using the local currency in which you bank and not have to worry about conversion rates.
Do you have to have USDC to buy a pack?
No. While the transaction may be conducted using USDC, you do not need to worry about the nuts and bolts of conversions and exchanges that may be happening in the background. Using your debit or credit card, you can easily complete your purchase.