Cryptocurrency Q&A
Is USDC always $1 dollar?
Is USDC always $1 dollar?
Giuseppe
Sun May 12 2024
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6 answers
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I've been hearing a lot about USDC, the cryptocurrency pegged to the US dollar. But I'm still a bit confused. Is USDC always worth exactly $1 dollar? I understand it's designed to maintain a stable value, but can market fluctuations or other factors affect its price? I'm trying to understand how reliable it is as a store of value and a medium of exchange. Could you please explain how USDC maintains its peg to the dollar and what could potentially disrupt this stability? I'd appreciate any insights you can provide on this matter.
6 answers
Stardust
Tue May 14 2024
Its value is tethered to the U.S. dollar.
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DreamlitGlory
Tue May 14 2024
This linkage ensures stability.
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SophieJones
Tue May 14 2024
Stablecoins like USDC differ from other cryptos.
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Giulia
Tue May 14 2024
Other cryptos often experience significant price swings.
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SeoulSoul
Tue May 14 2024
USDC aims to uphold a constant value.
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