๐ช๐ต๐ ๐ฐ๐ผ๐ถ๐ป๐ ๐น๐ถ๐ธ๐ฒ $USDC ๐ฎ๐ฟ๐ฒ ๐๐ฒ๐ฟ๐ ๐๐๐ฎ๐ฏ๐น๐ฒ.
Coins like USDC, known as stablecoins, maintain stability by being pegged to stable assets, usually the U.S. dollar. Hereโs why USDC remains stable:
1. Backed by Reserves: For each USDC issued, there's an equivalent amount in U.S. dollars or cash-equivalent assets held in reserve by regulated institutions. This 1:1 backing ensures that the coinโs value mirrors the dollar.
2. Regular Audits: USDC undergoes regular third-party audits to verify its dollar reserves. This transparency increases trust and minimizes volatility concerns.
3. Low Market Volatility: Since USDC is pegged to the dollar, it doesnโt experience the same volatile price changes that other cryptocurrencies, like Bitcoin or Ethereum, face.
4. Use as a Medium of Exchange: Many people use stablecoins like USDC to transfer money or store value in crypto without facing large price fluctuations.
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