ShintoBlessing
Thu Dec 26 2024
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6 answers
1355
Is USDC 1 to 1?
I'm wondering if USDC is pegged 1 to 1. I want to know if it maintains a 1:1 ratio with the US dollar, ensuring its stability and value.
amelia_martinez_engineer
Sun May 12 2024
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6 answers
1527
Is USDC backed by USD 1 to 1?
I've been hearing a lot about USDC recently, and I'm trying to understand its underlying mechanism. Could you clarify for me whether USDC is indeed backed by the US dollar in a one-to-one ratio? This is a crucial aspect for me as I'm considering investing in it. I've read some conflicting information on this matter, and I'm hoping you can provide me with a clear and concise answer. I understand that stability is a key factor in cryptocurrency, and if USDC is indeed fully backed by the US dollar, it would certainly give me more confidence in its value. Could you please elaborate on this point?
Raffaele
Thu Mar 28 2024
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6 answers
1243
Is USDT 1 to 1?
Excuse me, I'm new to the world of cryptocurrencies. I've heard a lot about USDT, but I'm not quite sure what it is. Is USDT really worth 1 US dollar? Is it a stablecoin that maintains a 1:1 peg with the US dollar? Or is it just a marketing gimmick? I'd appreciate it if you could clear up my confusion. Thank you!
