Crypto Academy Week 7 Homework Post for [@yohan2on]
Hello!!
My dear friends!
This is @md-raju from #Bangladesh 🇧🇩
Hope that all of you are well by the grace of almighty creator. I am also well. Recently Professor @yohan2on submitted his class lecture on Stable Coin. My dear steemian friends, today I am going to participate professor @yohan2on 's week-7 homework on Stable Coin.
Homework task:
Write about any one of the following Stable coins
- USD Coin (USDC)
- TrueUSD (TUSD)
- Paxos Standard (PAX)
- Digix (DGX)
Full meaning of USDC is USD coin/ United State Dollar Coin. This is a stable coin. On 18 May, 2018 Circle for the first time announce USDC.The coin was launched in September 2018.$10 billion USDC were circulating then.Value/ price of this digital coin is pegged with the US dollar. USDC is backed by dollar in reserve. This USD coin run on the Algorand blockchain and Ethereum blockchain. A consortium call centre which is founded by coinbase and Circle, manage USD coin. Bitcoin mining company named Bitmain is the investor in Circle.
Some more information
- According to market, today’s price of USDC is 122.792.
- In one year, price of USDC can rise 122.792USD to 34.376 USD.
- Yearly earning potential is potential is +64.96%
- price of USDC won't fall.
- It is predicted that after 5 year price of USDC will be 88.797USD.
- Analysts say that USDC will not clash in near future.
Today's price fluctuation graph
This graph shows that higher price of a day is $1. And lower price is $0.999485. Price change is $0.000820. So we can consider USDC as a strong stable coin. Now a days businessmen are trading through this coin.
How do I buy USD Coin (USDC)?
Source
Best and easiest way to Buy USDC is through Coinbase. The processes are:
- Install a coinbase wallet and create a coinbase account. If you have a account, just login into it.
- Navigate to (USDC page )on Coinbase website.
- On the right hand side of the page, you will see a box and enter the amount of USDC you want to buy.
- Then you have to choose your payment method.Then click “Preview Purchase.”
- Carefully see the page to confirm your order details and click “Buy Now.”
By following the steps, you can easily buy USDC.
Profitability and Safety
This is a profitable and safe investment. From the previous lecture, we knew that in in any stable coin is almost safe. Moreover, analysts consider this coin with a bright future. Yearly earning potential is potential is +64.96%. No clash will happen in near future. So investors can invest in this coin.
![Polish_20210227_170446116.jpg](
Advantages
- It is secured and profitable investment token.
- Digital dollar complement traditional dollar.
- It is worldwide acceptable like us dollar. It is easily interchangeable.
- Satisfactory growth rate.
- Low probability to flop.
- Grant Thornton LLP publish monthly report.
Firstly, I want to thank @yohan2on for his informative class. Thank you everyone on this platform.
Hi @md-raju
Thanks for attending the 7th -Crypto course on stable coins and for your effort in doing the given homework task.
Feedback
Has USDC ever risen to that high? When did that happen?
Otherwise according to the Coinmarketcap, the price of USDC is currently at $1. If it is to increase, it usually does so by a few cents such as $1.22
More effort was needed in your research study on USDC.
Homework task
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