3 Key Headwinds Facing USDC
The USDC (CRYPTO: USDC) cryptocurrency is a robust and interesting stablecoin. It has been around since 2018, chiefly adding stability and smoother dollar-to-crypto conversions (and vice versa) to the popular (NASDAQ: COIN) trading platform. USDC manager Circle Internet Group (NYSE: CRCL) joined the public stock market just last month, boosting the stablecoin backer's cash reserves and giving investors more clarity into how the cryptocurrency is managed.
USDC is more of a financial tool than an investment vehicle, since its value rarely strays far from $1.00 dollars per coin. Still, you might hold some USDC to generate a solid interest income, currently pegged to 4.1% a year on Coinbase. And a deeper understanding of USDC should help you assess the value of Coinbase or Circle itself.
And it's not all green grass and butterflies. Despite a plethora of investor-friendly details, USDC faces several important risks and speed bumps, too. Circle's stock offering filings contain nearly 50 pages of risk factors, with many of these directly related to the USDC coin.
Source Fool.com
Coinbase Global Inc. Stock
Currently there is a rather positive sentiment for Coinbase Global Inc. with 56 Buy predictions and 6 Sell predictions.
With a target price of 317 € there is a hugely positive potential of 73.51% for Coinbase Global Inc. compared to the current price of 182.7 €.
