Steemit Crypto Academy | Stable Coins - Part 2 | Homework task 7 for @yohan2on

Hello friends !!!

Today I'm going to make my Steemit Crypto Academy Homework task 7 by professor @yohan2on, Lesson 7 that talking about Stable Coins - Part 2. A very valuable learning. I am very interested in participating in this homework task 7 for this week. On this occasion I will try to discuss about USD Coin (USDC). It's time to do it...

USD Coin (USDC)

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There is no need to discuss the meaning of stable coins anymore because you already know a lot about the lesson on stable coins last week. Now it has entered the next week where the continued lesson on stable coins - part 2 so you can find out directly to the main point, where is the discussion about USD Coin (USDC) which is one of the stable coins.

One of the digital coins that has become a stable coin today, namely USD Coin (USDC). (USDC) is based on the US Dollar which means that the value is the same where 1 USD Coin (USDC) = 1 US Dollar. This coin uses a ethereum blockchain base system which is able to control price volatility. This coin is an ERC - 20 token which uses a smart contract in the system to make it easier for users to carry out various types of transactions. These coins can be bought, sold, and transferred easily and safely anywhere in a very short time. That is what makes this coin the second largest stable coin in the world because it has high market capitalization.

How To Get USD Coin (USDC)

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You can get USD Coin (USDC) when you buy this coin from a company called Center. The company also consists of companies that support cryptocurrency exchanges such as Binance and Coinbase. You can give any amount of US Dollars you have to get (USDC). For every US Dollar received, the company will issue (USDC) an equivalent amount using the smart contract system. All US Dollars sent to the company are then held as collateral. Furthermore, you as a buyer will have (USDC) which you can trade in any form you want.

The Importance of USD Coin (USDC)

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Basically, the purpose of USD Coin (USDC) was to turn the US dollar into a digital coin that could be placed in an online wallet. By placing it on the blockchain system, the transactions to be carried out will be easy and fast. You as a user can take advantage of this in everyday life such as sending and transferring coins anywhere in the world instantly. It does not require time and a lot of effort like traditional fiat currencies from the US dollar, where any transaction processing you want to do takes a relatively long time and has to go through traditional financial institutions.

Having USD Coin (USDC) will also have an effect on maintaining and controlling cryptocurrency on the market. For those of you who may have many assets in the crypto world, it is very important to have stable coins that can overcome the volatility of cryptocurrencies. This is a solution for you to continue making lots of transactions in order to get a large profit. The importance of stable coins like USD Coin (USDC) is needed anytime and anywhere.

All About USD Coin (USDC)

Screenshoot On CoinMarketCap

The picture shows USD Coin (USDC) is ranked 12th in the cryptocurrencies market. This shows this coin is one of the popular stable coins. The price value is 1 (USDC) = 1 US Dollar which indicates this coin has remained stable in price since its issuance.

Screenshoot On CoinMarketCap

The picture shows USD Coin (USDC) Chart has experienced an increase and decrease in prices since January 2019 - now. This is natural because of the high price volatility of cryptocurrencies. But the end since September 2020 - now seems to have stabilized. This shows that this coin has successfully become a stable coin.

Screenshoot On CoinMarketCap
The picture shows USD Coin (USDC) Markets dominated by Binance and Coinbase. There is a lot of information and data that you can get such as volume and liquidity listed on the list, making it easier for you to read the situation. A number of exchange transactions with BTC, ETH, USDT, MANA, and BUSD are continuing and growing in the crypto world.

Screenshoot On CoinMarketCap
The picture shows USD Coin (USDC) Wallets which supports you in storing and carrying out various kinds of transactions. There are Metamask, Coinbase, Binance Chain Wallet and others. Of course, you can choose several wallet services with the aim of helping you.

Thank you for reading my blog, hope it will be useful for all of you.

CC:
@yohan2on
@steemcurator02