✅ What is USD Coin USDC and what are the advantages of using this cryptocurrency? 💥【FREE!!!】 5p1366

What is USD Coin USDC and what are the advantages of using this cryptocurrency? Currency USD coin USDC is a cryptocurrency presented in real dollars, but digitally . In the world of crypto assets and decentralized finance, this currency belongs to the permanent currencies also called Stablecoins, a type of currency that depends on fiat money and its exchange rate. Today, many people are used to using Tether because the dollar is stuck in its price, which simplifies transactions with real funds and helps to monitor the performance of cryptocurrency assets. However, as a result of a series of negative factors and the weak rebound of its creators, traders and investors began to look for other forms of investment. The USDC coin proved to be one of the best in of popularity. Studied from a technical point of view, it does not have any special characteristics. There are interesting facts about the creators or lists themselves, but there is nothing notably new about it. According to analysts, it has its advantages and disadvantages. What is USD Coin USDC? USD Coin (USDC) is a type of cryptocurrency that is also called “Stablecoin” or stable price. So called because each USDC is backed by one US dollar, reserved in a bank . That is, it is always possible to exchange 1 USDC for US $ 1.00, which gives you a stable price. The USD is a token Coin ethereum , so it can be stored on a compatible digital wallet this wallet coin as Coinbase . USDC is a digital currency pegged to a fiat currency - the US dollar. It was launched on the market in September 2018 and developed by the Center Consortium, made up of Coinbase and Circle Internet Financial . Although it is the latter that is issued by the USDC, while Coinbase is the platform that s access to make deposits, convert Fiat currency into USDC tokens and facilitate USDC transactions. In addition, it provides the ability to switch from Fiat to cryptocurrencies. What is the relationship between USD Coin USDC and Ethereum? The USD Coin USDC, as we have already commented, is a Stablecoin or stable currency . And stablecoins are Ethereum tokens designed to hold a fixed value, even when the value of ETH changes. This coin has been created on the Ethereum blockchain and is ERC-20 compliant in order to fast USDC transfers on the Ethereum network. It also uses the security of the Ethereum blockchain and makes it easy to store and exchange USDC. In addition, one of the reasons why the USD Coin has been developed with the technology chain blocks ethereum is its status as the contracts intelligent platform market leader and high among developers. On the other hand, since USDC is an ERC-20 token, two Ethereum wallets could send or receive any amount of USD Coins at any time of the day or night and anywhere in the world almost immediately. How does USD Coin USDC work? The operation of the USD coin USDC is based on the 1: 1 exchange with the US dollar . That is, 1 USDC equals 1 USD. In order to use the USDC, you must create an in "Circle ", validate the identity and associate a bank . The platform will allow s to perform four basic operations: Tokenize the US dollar. Use USDC to withdraw cash. Transfer USDC to an ERC-20 compliant Ethereum address. Deposit USDC from an external Ethereum wallet address. Buying USDC on the secondary market is as easy as buying any other cryptocurrency - it can be bought on any regulated exchange. USDC is an ERC-20 token and can be used with any application that s the standard. Circle USDC does not charge s any fees for tokenization and use of the service. But, it does charge a $ 50 fee for fake and declined wire transfers. All standard fees apply for USDC transactions on Coinbase. What future do you have in the cryptocurrency market? USD coin USDC has quickly become the world's largest stablecoin ecosystem . With a market capitalization that already exceeds more than 25 billion dollars. Hundreds of companies, products, and services USDC, including digital wallets, exchanges, DeFi protocols, savings services, loans, and payments. In fact, on June 29, the Center consortium, made up mainly of Circle and Coinbase, announced that its will issue USDC on Tezos in the coming months of this year. On the other hand, Circle Internet Financial, issuer and of the USD coin USDC, announced on July 1 that the coin will be compatible with the Tron / TRX blockchain. " Today we are delighted to announce that USD Coin (USDC) is now available on the TRON blockchain, bringing the world's fastest growing dollar digital currency to one of the largest digital asset ecosystems in Asia. " they commented on it. Advantages of USD Coin USDC USD Coin USDC is feasible because it is backed by major finance company Goldman Sachs . Additionally, it has also obtained a cryptocurrency trading permit called the Bit License from the New York State Department of Financial Services. The use of USD coin USDC in the different transactions brings a series of advantages to the s of this cryptocurrency developed on the Ethereum blockchain in the ERC-20 standard. What's more: It makes it possible to send money instantly, globally, safely and at low cost. Its price is overwhelmingly stable compared to ordinary virtual currencies, thanks to its 1: 1 ratio to the USD. With USDC you can carry out relatively stable altcoin trading operations and cryptocurrency management (extraction of liquidity, loans, etc.). The USDC is also very effective as a haven forinvestment in cryptocurrencies and you can avoid big losses by switching to USDC when the whole cryptocurrency is about to crash. Disadvantages of USD Coin USDC Although the USD coin USDC has the advantage of being highly reliable and having less price fluctuations than other virtual currencies, it also has its downside. Since it is pegged to the US dollar we cannot expect returns for investment purposes. Furthermore, like any other centralized model it carries an implicit risk. This is something that all those who plan to enter the world of stablecoins should take into . Next, we will see some of its most important disadvantages : The USD currency is not a cryptocurrency that can be expected to increase significantly in the future. Being pegged to the US dollar, 1 USDC is still 1 US dollar. Since it was developed to achieve stable prices, it can be said that it is a virtual currency that has the function of improving the convenience of transactions, not for investment . As the price cannot be expected to rise, a profit as an investment in the future is not expected either. 4i1962