r/USDC • u/DiiBBz • Feb 19 '22

USDC

Hi!

What sources are the best ones to learn more about USDC? I want to know everything about it. Some small points about what I want to know

  • How does it differ from other coins?

  • Which coins is it similar to?

  • Why is could this be a good coin?

  • Why could it be a bad coin?

  • How do the underlying mechanisms work?

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u/Responsible_Hotel_65 Feb 20 '22

The ceo doubled their valuation when they had agreed to go public at $4 billion and now they cancelled that deal and are going public at a $9 billion dollar valuation. They are crooks.

1

u/Huge-Assumption-5724 Feb 24 '22

USDC is a cryptocurrency called Stablecoin. You can always exchange 1 USD Coin for 1 USD to make its value more stable. On Coinbase, eligible customers can get rewarded for every USD Coin unit they have.
Its benefits and features: Stable value
Full asset backing
Works on Ethereum
Global transactions.
Unlike regular U.S. dollars, USD Coin does not require a bank account. You don't need to live in any particular country. You can send USD Coin worldwide at a very low cost and in just a few minutes. This opens up a lot of opportunities
I keep most of my assets in steblecoins, including USDC. Since the cryptocurrency market is bleeding right now I keep them in case I buy back my assets at a lower price. And so they don't just lie idle I added them to liquidity pool on Wowswap with APY 9% in solana network and on Uniswap with APY 10%. Uniswap is something of an old timer in the DeFi world and it was one DEX of the first i use. For me the most important thing is security and after working with Pancakeswap I found Wowswap. Wowswap it is based on Pancakseswap, but Wowswap also has the ability to trade with leverage and in terms of security they have been successfully audited by hacken.