Conventional digital currencies are subjected to a lot of load and stress throughout their life and this does not ensure your capital if you need it in a given time, to relieve the stress of these volatile currencies that currently exist in the market and are very popular, stable currencies were created, in the last class number 6 we talked about them today we will talk about USD Coin a stable currency but with different characteristics to other stable currencies although its function is the same.

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Why use them

these currencies are very important to protect our assets in a safe and stable way for a certain time because the other currencies change their price up and down and it is not known in what time they recover strength again to return to have benefits. if you already got the benefit of the rise and want to keep your assets intact you buy a stable currency in this case USDC and wait for the other currency down to buy again in this way you will have better benefits in your assets.

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WHAT IS USDC

USDC is a stable digital currency, which keeps its value constant 1 USDC = 1USD US dollar, this currency can be bought, sold and transferred to other operators very easily, this currency works with the ETH algorithm with ERC-20 smart contracts which makes it very safe, the founder circle was born in 2018 between circle and coinbase were their first exchanges in that year.

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let's look at several current USDC charts

Source

It is shown that the chart maintains a constant horizontal line of value of 1USD since its launch in 2018 until now 2021.

their main exchanges are the ones we will see below

Source

In the graph above you can see the main and most powerful exchanges of the moment binance leading as the number 1 this currency has reached a maximum in its history since its creation of a maximum of 1.17$ USD and a minimum of 0.92$ USD

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Advantages and Disadvantages

Advantages

•You can trade 24/7 7 days a week

•It is a stable currency 1USDC = 1USD American currency

•Can be stored in any wallet we trust

•You don't have to go to banks or centers and perform those cumbersome procedures to deposit your money

•It backs up your capital by guarding against those downward trends.

Disadvantages

•This currency has to compete with other stable currencies that perform audits and spend on marketing,

•It needs to expand more in terms of advertising I really did not know it existed but other currencies do.

•It is tied directly to the US dollar which loses power every so often.

•It does not generate any profit to keep your money in these currencies

Conclusion

Having completed my research work I can note that the USDC currency is like other stable currencies that maintain their value with a physical asset such as gold, the US dollar etc. This USD currency maintains its value with the US dollar is very easy to use, it was shown that using this currency for a long time does not generate any benefit only to safeguard your assets from any negative volatility.

Note: Many thanks to all the people who make this research possible including the professor and all the team of administrators that I will mention below.

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Cc: -
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02
by @jensys888

Thanks for your visit

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