What is USD Coin (USDC)?

As its name suggests, USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is the currently the second-largest stablecoin, with a current market capitalization of $73 billion.

Is USD Coin a good investment?

As the name implies, one USD Coin (USDC) is always pegged to the value of one US dollar. Market capitalization-wise, USD Coin is $73 billion larger than the next largest stablecoin.

Is USDC a stablecoin?

Blockchain interconnection: Since USDC is compatible with several autonomous blockchains, using USDC can be a way to integrate payment systems and applications across blockchains. What Type of Stablecoin Is USD Coin? USD Coin (USDC) is a fiat-collateralized stablecoin, meaning that USDC tokens are collateralized by fiat money like U.S. dollars.

What is USDC coin and Tether (USDT)?

Eighty percent of the market value for stablecoins is held in USD Coin and Tether (USDT), and the rising USDC coin price is a clear indicator of the market sentiments around this cryptocurrency. However, it is a good idea to know more about this coin before you decide to go ahead and invest.