Cryptocurrency Q&A
Is USD Coin the same as cash?
Is USD Coin the same as cash?
Enrico
Wed Nov 06 2024
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7 answers
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I'm wondering if USD Coin is equivalent to actual cash. Are they interchangeable, or are there differences I should be aware of?
7 answers
Elena
Thu Nov 07 2024
This means that the price of USDC remains relatively constant and does not fluctuate wildly like other cryptocurrencies.
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Matteo
Thu Nov 07 2024
USD Coin (USDC) is a unique type of cryptocurrency.
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QuasarStorm
Thu Nov 07 2024
To ensure this stability, every USDC token in circulation is supported by $1 USD.
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Emanuele
Thu Nov 07 2024
This backing can be in the form of cash or cash equivalents.
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EmeraldPulse
Thu Nov 07 2024
It is classified as a stablecoin due to its stable value.
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