Is USD Coin really stable?

[Starmix]

It will be possible in some countries to use Bitcoin in their business transactions, but I think USD remains stable. But USDC is the safest overall stablecoin. It is fully backed and regulated in New York. USD Coin stands because of its high market capitalization, liquidity, and stability. It undergoes a series of rigorous auditing and licensing. Those from the United States can attest to this.

 

[Stardom22]

In my country the USD is more stable than the the crypto currency. This is because the government seems not to recognise crypto currency yet in my country for that matter.

 

[Starmix]

In my country the USD is more stable than the the crypto currency. This is because the government seems not to recognise crypto currency yet in my country for that matter.

Also in my country, the OFWs send their allotment to their families through USD not Bitcoin. Only big-time businessmen here advocate crypto currency exchanges. Maybe those Forex traders and casino players opt to get paid thru crypto.

 

[Niyi Briggs]

Coinbase has exerted much effort to make sure that the USDC is developed to maintain stability with the dollar. It has in reserve the exact same value of the dollar. It is best for payments.

 

[Blessed19]

The USD coin is a stable coin which can be used as a means of exchange between other coins and the crypto wallet to the US dollar as the USD coin is equivalent to the United State of America dollar.

 

[Bisolami]

In my country the USD is more stable than the the crypto currency. This is because the government seems not to recognise crypto currency yet in my country for that matter.

USD is stable and you are still going to make the same amount of money that you have invested even though you leave it after so many years and that is cool

 

[Suba]

Currently the price of USDC or USD Coin is $0.9999, launched in 2017, I do not use USDC for investment but only for trading pairs, or for crypto swaps. I use USDC more on Coinbase, USDC is also a token that runs on the Ethereum blockchain. You can also use USDC to transfer money overseas as a substitute for fiat money bank, with lower fees and is a fast transfer method.

 

[Bisolami]

Currently the price of USDC or USD Coin is $0.9999, launched in 2017, I do not use USDC for investment but only for trading pairs, or for crypto swaps. I use USDC more on Coinbase, USDC is also a token that runs on the Ethereum blockchain. You can also use USDC to transfer money overseas as a substitute for fiat money bank, with lower fees and is a fast transfer method.

You are right and there was a time I heard that the price of usdc changed but I think it is even still better or like the volatility of Bitcoin or some other cryptocurrencies. The risk is minimal

 

[riberet19]

Well, I was a user of said stablecoin, and when it had a Depeg I quickly changed my coins to Polygon, I had about $100 more or less in said stablecoin, I lost more or less $7 plus the exchange fee, I would not use it again since I lost confidence in said stablecoin, now I prefer USDT.

 

[Godswill]

Most stablecoins I've looked at seem risky and janky compared to USDC. The whole project seems more thought out and professional than some others. And the fact that USDC reserves are backed by actual dollars and assets helps give it credibility and stability. But like most crypto, USDC Is still pretty new and issues could pop up down the road we don't know yet.

 

[Smalto]

Very sure, USD coin is the most stable Coin you could find out there, it is not volatile just like other cryptocurrencies in exchange platforms, binance coin and few others are all stable coins.

 

[Stardom22]

USD being a fiat currency that is being used as the universal currency all over the world, it's therefore deemed as very stable and reliable compared to the Crypto currency.

 

[Starmix]

1 believe USD coin is stable before, now and in the coming years. It will become unstable if the US government to fully support crypto currency currency. That's the time USD coin weakens.

 

[eldavis]

USD coin is known or classified as a stable coin cause unlike other crypto currency, it is backed by the the us dollars so the price value does not change from time to time like other crypto currency.

 

[Starmix]

USD coin no doubt about it it's a stable coin but others opposed. Well let's just ride on the tide. We also don't know the flow of time on currency either USD or crypto.

 

[riberet19]

USD coin no doubt about it it's a stable coin but others opposed. Well let's just ride on the tide. We also don't know the flow of time on currency either USD or crypto.

What do you mean by opposed? I had large amounts of this stablecoin and it had a depeg in which at times I lost a lot of money because its value dropped to $0.9, I think that is anything but stable, I do not need to face volatility in an asset where I don't want my money to be volatile.

 

[Starmix]

What do you mean by opposed? I had large amounts of this stablecoin and it had a depeg in which at times I lost a lot of money because its value dropped to $0.9, I think that is anything but stable, I do not need to face volatility in an asset where I don't want my money to be volatile.

Others disagree that the USD is stronger than the crypto coins. It was discussed here long ago by a member here but I cannot recall the name of that member. By 2026 it's predicted that coins will be 5 times higher than today.

 

[fcbetting]

USDT or Tether is still most often use stablecoin. Even they never had any problems with authority value of Tether went below 1$. So still I can't say stablecoins will be always stable. Look at FIAT how inflation can affect on value. Same can happend to crypto.