USD COIN (USDC): Stable asset for merchants
In the world of cryptocurrencies there are innumerable assets available for merchants trying to diversify their portfolios and increase potential yields. These options include USDC (Tether Limited), Stablacoin linked to the US dollar. In this article, we immerse ourselves in what makes the USD currency active for merchants, its benefits and the way it can be used in several commercial scenarios.
What is USD Coin?
USDC is a decentralized man who is designed to provide a safe and reliable value warehouse. It was created by Tether Limited, a company founded by Chris Brooks in 2014. Assets are backed by the reserve of US dollars that take place in the bank account in JPMorgan Chase Bank.
How does it work?
To understand how USD coins work, let’s see this process:
- Reserve: When you buy or sell USDC, basically buy or sell US dollars backed by a reserve of dollars.
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Advantages for merchants
USD Coin offers several benefits that make it an attractive asset for merchants:
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- Reliability: The stability of the USDC ensures that prices are more predictable and less unstable than other cryptocurrencies or assets.
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Scalability:
As a stable linked to the Fiat menu, the USD currency is designed for extensive transactions and stores, which makes it ideal for institutional merchants.
- Diversification: Thanks to its low volatility and a wide range of use cases (more about this), USD Coin offers an excellent diversification opportunity for merchants who wish to spread their risk.
Use and commercial strategies
USD Coin has numerous applications in different markets:
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- Centralized Exchange (CEX): CEXS such as Binance, Kraken and Huobi report a USDC as a commercial token for several assets that provide merchants a suitable platform for the purchase, sale and traffic of USD coins with other cryptocurrencies or traditional or traditional traditional. Fiduciary currency
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STABLACOIN couples
While many merchants know Stablacoin couples, such as Tether Usd (USDT), USDC and Bitcoin ($ BTC), other notable stable pairs:
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Conclusion
USD Coin is a versatile stable that offers merchants numerous benefits in different markets. Its low risks of liquidity, reliability, scalability and a wide range of use cases make it an attractive asset for institutional merchants and individual investors. As the demand for stable stable decentralized rounds will increase the potential of USD coins as a merchant.
Before investing in any cryptocurrency or stable, it is necessary to carry out thorough investigation, consider risk tolerance and always follow local regulations and market instructions.
Reneing:
This article is only for information purposes and investment advice should not be considered.