What is USDC ?

[EMMANUEL]

USDC is a stable coin, a stable coin is a cryptocurrency that's pegged to a single underlying asset, or a basket of assets. In the case of USDC, it pegged to a single asset: the US dollar. Essentially, what USDC is doing is creating a digital dollar by tokenizing it and putting it on the blockchain.

Why would I need that?
What can I use it for?
Why USDC and not another stable coin?

 

[Ralphjoe]

USDC is a stable coin that is more accepted than other stablecoins because it is hedge with each US dollars at the bank, so therefore there is no way that anyone that will buy the cryptocurrency wIll lose because it is assured with physical cash in the US.

 

[Nomad]

USDC is a stable coin from Coinbase and Circle. The value of USDC is pegged at $1 each. However, I have never taken any interest in stable coins or USDC for that matter.

 

[Aaron625]

I have heard many people telling USDC is better than USDT because USDC is more trustworthy and regulated. But as a whole , you can use either of the stablecoins these coins are necessary for crypto trading , they doesnt fluctuate in price which is an advantage.

 

[Kelly5]

USDC is one among the number of stable coins we have today. I don't trade in this coin neither have I ever traded in it. But info trade a lot with it's counterpart the USDC and the BUSD coins

 

[Nurudeen]

Usdc is a stable and it never lose value just like every other coin in the crypto currency exchange Business. If you think you want to start buying and selling of coin, the first coin you must buy us usdc or usdt

 

[Dowenship]

USDC is a stable coin, a stable coin is a cryptocurrency that's pegged to a single underlying asset, or a basket of assets. In the case of USDC, it pegged to a single asset: the US dollar. Essentially, what USDC is doing is creating a digital dollar by tokenizing it and putting it on the blockchain.

Why would I need that?
What can I use it for?
Why USDC and not another stable coin?

Just with the description, this tokens are pegged with country currency and this enable traders and investors to know the value of any asset the intend buying.

 

[Emmy]

In fact this is my first time of hearing that there's a stable coin in crypto which is USDC. That means it would not change like bitcoin and other coins. However I would like to know more about it here.

 

[Suba]

USDC is a stable coin, a stable coin is a cryptocurrency that's pegged to a single underlying asset, or a basket of assets. In the case of USDC, it pegged to a single asset: the US dollar. Essentially, what USDC is doing is creating a digital dollar by tokenizing it and putting it on the blockchain.

Why would I need that?
What can I use it for?
Why USDC and not another stable coin?

I think USDC is the same as other stablecoins, is a token with a fixed or near fixed value, currently USDC is worth the equivalent of $0.9997.
Why do we need that?
We can use USDC as a substitute for fiat money, either to buy goods or services, and when you trade crypto in pairs with USDC or when you are about to transfer money to another country for a low fee, Exchange crypto when prices are high on Coinbase with USDC and you can buy back crypto when prices are low.
Why USDC and not another stable coin?
Because USDC is issued by a trusted wallet and exchange, Coinbase is the most widely used.

 

[Sotherefore]

I always knows it to be a stable cryptocurrency, there are different type of stable cryptocurrency and usdc is one of them. I do not really used it much , I make use of usdt and busd most of the time.

 

[Emmy]

Anyways I'm just getting to know about USDC through your post but it's a good coin as regards the review I have read. Stable coins can still give rest of mind rather than volatility of crypto currency.

 

[James]

Yes you're right stable coin is always good option for invest as it will gives security of funds although return is low but you can increase your assets by staking them which gives enough interest.

 

[Chibson]

USDC is one of the best stablecoins in which you can put your money and leave it for a long period of time without any worries. Busd is also another good stablecoin. I actually do not trust usdt.