4u Created – A trustworthy source of information and advice
Image default

What is USD Coin (USDC), fiat-backed stablecoin explained By Cointelegraph


Despite the fact that the is subject to regulatory oversight, investors must weigh the pros and cons of investing in stablecoins before committing any funds.

Comparing USDC with USDT, USDC is subject to regulations as it is audited from time to time, and Circle is fully transparent about its operations. However, investing in the cryptocurrency market, even in stablecoins, has its own cons. For instance, the price of the USD Coin will never appreciate as it is pegged to the U.S. dollar.

Continue Reading on Coin Telegraph


Source link

Related posts

Amazon reaches settlement in three EU antitrust cases, avoids fine By Reuters

Explainer-Will market mayhem erupt if US bans Russian aluminium? By Reuters

Bus crashes in Costa Rica, at least six dead By Reuters