Cryptocurrency Q&A
What does USDC stand for in money?
What does USDC stand for in money?
Claudio
Wed Oct 16 2024
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7 answers
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I've encountered the term USDC in a financial context and I'm wondering what it represents. Is it a specific type of currency or a financial instrument? I'd like to know the meaning of USDC in the realm of money.
7 answers
Caterina
Fri Oct 18 2024
USDC is managed by Circle, a reputable financial technology company, which ensures the coin's credibility and reliability. Its private issuance model differentiates it from central bank digital currencies (CBDCs), which are issued and regulated by national central banks.
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Eleonora
Fri Oct 18 2024
USD Coin (USDC) is a unique cryptocurrency that operates as a stablecoin, designed to maintain a stable value relative to the United States dollar. This feature makes it an attractive option for investors seeking to mitigate the volatility often associated with other digital assets.
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EthereumEagle
Thu Oct 17 2024
In addition to spot trading, BTCC also offers futures trading, which allows traders to speculate on the future price movements of cryptocurrencies. This feature provides traders with additional opportunities to profit from the market's volatility.
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CryptoBaron
Thu Oct 17 2024
Furthermore, BTCC offers a secure wallet service, which enables users to store their digital assets safely and securely. With advanced security measures in place, users can have peace of mind knowing that their funds are protected against potential threats.
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GangnamGlitzGlamourGlory
Thu Oct 17 2024
The pegging of USDC to the US dollar provides users with a degree of predictability and stability, as its value is expected to remain close to that of the US dollar. This makes it suitable for use in various financial transactions, including cross-border payments and remittances.
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