Cryptocurrency Q&A
Is USDC like Bitcoin?
Is USDC like Bitcoin?
DongdaemunTrendsetter
Sun May 12 2024
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6 answers
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Is USDC really comparable to Bitcoin? I'm trying to wrap my head around this whole crypto-sphere and it seems like there are so many different currencies and tokens out there. Bitcoin, of course, is the OG, the granddaddy of all cryptocurrencies. It's decentralized, limited in supply, and has this whole mining thing going on. But USDC... isn't that supposed to be a stablecoin? It's pegged to the US dollar, isn't it? So, how are they similar? Or am I missing something fundamental here? I'm just trying to understand the nuances and differences between these two.
6 answers
WindRider
Tue May 14 2024
These reserve assets often consist of major currencies like the US dollar or the euro.
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Federica
Tue May 14 2024
BTCC is a renowned cryptocurrency exchange headquartered in the United Kingdom.
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Chiara
Tue May 14 2024
USDC maintains a stable value by design, qualifying it as a stablecoin.
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SkylitEnchantment
Tue May 14 2024
BTCC offers a diverse range of services to its users.
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Lucia
Tue May 14 2024
Among these services are spot trading, futures trading, and wallet solutions.
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