USDC News Live Feed & Top Stories
Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
- It is supported on multiple wallets, platforms, exchanges, and serves a great solution for fiat to crypto transactions and vice versa .
- News and resources on digital currencies, crypto assets and crypto exchanges worldwide.
- We believe that digital currencies are the future of money and investing.
- The coin is backed by actual U.S. dollars held in reserve, and its value is meant to stay relatively stable compared to other cryptocurrencies.
- As a stablecoin, it might not have the same investment benefits that other cryptocurrencies have, however, it’s a great way to send USD across the world and pay for flights in an instant with digital currency.
Compare today’s price of USD Coin ($1 USD) against its all-time-high price of $1.17 USD on 08 May 2019. The closer the bar is to 100%, the closer https://www.tokenexus.com/ is to reaching its ATH again.
With the Cryptocurrency market booming, it’s time to get involved! Buy USDC with ease through AQRU.
Set where you live, what language you speak and the currency you use. If you’ve already done that, your item hasn’t arrived, or it’s not as described, you can report that to Etsy by opening a case. Other factors – such as delivery company delays or placing an order on weekend/bank holiday – may push the arrival of your item beyond this date. This is an estimate based on the purchase date, the seller’s location, and processing time, and the delivery destination and carrier.
Some of our stablecoin investments have a lock-in period, in which case you are able to withdraw some or all of your funds at the end of the lock-in period. Otherwise, when you request a withdrawal we’ll process it as quickly as possible, and you’ll receive your funds within 24 hours. We can generate generous profits by participating in decentralised exchanges, which we pass on to our clients. In addition, we insure all funds we deposit against hacking, so you can rest easy knowing that we’ve got your back.
USDC Continues To Gain On Tether Market Cap
USDC is, in essence, a tokenized dollar, permitting holders to make transactions on the crypto markets as if they were using actual US dollars. Because the USD fully backs USDC, it offers users a more stable and predictable investment than other coins. In addition, USDC is a more transparent coin, with regular audits conducted to ensure that all USD reserves are fully accounted for and ERC-20 standards are met. Your tokens are stored in a dedicated, decentralised wallet when you buy USDC on the AQRU platform. This feature ensures that your funds are always safe and protected as well as being accessible whenever you need them. Investing in Crypto doesn’t have to be complicated or time-consuming.
- As a result, it’s less susceptible to volatility than other cryptocurrencies.
- We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.
- Read our expert analysis on Wrapped Terra Classic and how the token will perform in the future.
- When investing in crypto-assets, you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong.
Another is that when selling crypto, you may want to keep your funds on the platform ready for your next play. If you keep it on there as USDC, you don’t have to pay fees for fiat on and off ramps. We make it a priority to be upfront and honest with our customers about pricing. When you buy USDC on our platform, there are no hidden fees or surprise costs. We never charge for depositing money, purchasing Crypto or withdrawing funds as fiat. USDC is a popular digital asset because it’s a stablecoin backed by the United States dollar, which means that each USDC is worth one dollar, held in reserve.
People like you who trusted AQRU (Yeah, we know)
A Multi-Signature Wallet is a digital way to protect your account and its assets. It means that for anyone to access your funds, they would require multiple unique signatures from authorised users to complete transactions.
As per recent stats, as fears mount about the damage of a USDT depeg, USDC is gaining an upper hand in the current crypto market with its market cap getting closer to that of Tether. USDC products affected include saving accounts, DeFi staking subscriptions and crypto loans, which will be closed and liquidated on Sept. 23, Binance said. BitCourier – independent UK crypto community and media website.
USD Coin price prediction for December 2022
Essentially, what USDC is doing is tokenising US dollars and putting them on the blockchain. Tokenising the US dollar also provides additional functionality, making it easier to program with and to use in dApps.
- Although USDT is the biggest stablecoin yet, USDC is rapidly catching up, with a growth rate of 5x in the past 12 months.
- Moreover, we offer compounding high-interest returns on your Cryptocurrency investments to maximise your earnings potential.
- Regulatory StatusThis type of stablecoins (100% redeemable) is what current drafts of regulations are looking to license, as a first step.
- Using the instant buy feature is straightforward but typically more expensive than using the spot market.
- Other factors – such as delivery company delays or placing an order on weekend/bank holiday – may push the arrival of your item beyond this date.
- Unlike some other stablecoins, USDC is backed by real U.S. dollars held in reserve.
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Learn More About USDC
Etsy is no longer supporting older versions of your web browser in order to ensure that user data remains secure. The report published by Centre in October 2021 shows that 100% of USD Coin reserves are made up of cash and cash equivalents. The higher proportion of cash and cash equivalents indicates its ability to fund large-scale USDC redemptions in case of a crisis. Dollar Coin news aggregator, bringing you the latest headlines automatically and continuously 24/7. Relevance is automatically assessed so some headlines not qualifying as USDC news might appear – please feel free to contact us regarding any persistent issues.
How does USDC stay stable?
To maintain USDC's stable value equal to $1, USDC is backed by cash and short-term U.S. government bonds as collateral. For every USDC token in circulation, $1 is held in collateral. When crypto investors buy USD Coin, they expect one USDC to always be equal in value to one dollar.
Author: Felipe Erazo