The USD Coin, recognized worldwide USDC, is a stable currency. This has a direct link to the US dollar, in a ratio of 1 to 1. So put, if you ask, What is the value of the USD currency? A US dollar backs every unit of this cryptocurrency that is in circulation.
This dollar remains in reserve in a combination of bonds and cash from the United States of America Treasury. Currently, the coin USD is constituted as one of the world’s leading cryptocurrencies. Above all, it is ideal for new investors. Stable currencies are always very delicate currencies, although their volatility is minimal compared to standard cryptocurrencies.
When comparing USD Coin vs. Ether or USD Coin vs. Dai, it becomes prevailing to understand how it works and analyze the interest behind it. The USD Coin slogan is digital money for a digital age; it is designed for a global economy where cashless transactions are already widespread.
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The origin of Coinbase
To understand the origin of the CRYPTO USD Coin, you need to understand a stable coin. Since these coins, with each passing day, are becoming a vitally important part of the operation of the crypto world. They are being used for a myriad of functions, including intermediaries between currencies.
Stablecoins have concentrated in themselves the most important advantages of FIAT money, especially about their stability in the USD Coin price. But it also has the main advantages of cryptocurrencies, such as the flexibility of trading and its functionality, which is very well exploited.
As traditional assets back stable cryptocurrencies, they do not present volatility in their prices, as traditional cryptocurrencies do. Whether it’s FIAT money like the dollar, the Euro, or the Yen, a basket of cryptocurrencies or commodities like gold and oil.
That’s why it wasn’t surprising that Coinbase and Circle reached an agreement in 2018 to launch their stable currency, USD Coin. And for the governance of the USD coin cryptocurrency, they created the CENTRE Consortium, emerging the ERC-20 token, defended by the USD Coin and the rest of the crypto world, the USDC.
When you ask what a USD coin is, the answer is straightforward; it is a stable cryptocurrency backed by the dollar, which serves as an intermediary in exchanging currencies through financial transactions.
Is the USD currency a good investment?
The USD Coin is a type of altcoin that maintains its equal value against the US dollar. Therefore, when buying too, it has to be clear that you are acquiring a cryptocurrency with such a feature, a 1 to 1 ratio concerning the dollar.
Since its launch, the USD Coin has had quite normal behavior. It even initially had remarkable value to the point of having a value above the dollar. It currently ranks 20th by market capitalization, among the best cryptocurrencies in the world.
From an investment point of view, the USD Coin can be interesting to speculate on its price through CFDs. However, to achieve this, you must choose a trading platform that is very reliable, that allows trading on cryptocurrencies, that has a regulated environment. And that it is also safe to trade cryptocurrencies.Many wonders if the USD coin will go up?
And the answer is that by looking at its historical value and its status as a stable cryptocurrency, it will possibly maintain its parity with the dollar. Therefore, only if that FIAT currency goes up in value, the USD Coin will also go up.
What is the prediction of the value of the USD coin in the coming years?
According to experts, the USD Coin price prediction indicates that it will present a slight hike by the end of the year 2021. Currently, the value of the USD Coin is in the order of 1.08 dollars, and by December 2021, it is estimated to be in the order of 1.28 dollars.
The USD Coin price prediction 2025 may have a maximum price of 1.59 dollars and an average of 1.27 dollars. Therefore, as you can see, the USD Coin will present stability of its value, honoring its stable currency term.
How do I purchase USD Coin?
If a person wants to know where to purchase USD Coin, they can locate on the web several platforms where exchanges are made with this cryptocurrency. These platforms included Huobi Global, Xtheta Global, Binance, OKEx, and USD Coin coinbase Exchange.
To materialize the purchase, you can do it from a wallet or a cryptocurrency catalog. For both cases, you must have FIAT money deposited and a balance available to make the transaction. You must also have an active account on some of the trading platforms mentioned in the previous paragraph.