Summary
This prediction is currently active. Since the start of the prediction for USD Coin the price has only changed by -0.88%. This prediction currently runs until 16.05.24. The prediction end date can be changed by Jmcwilliams81 at any time. Jmcwilliams81 has 50% into this predictionUSD Coin (USDC) is a stablecoin that is pegged to the US dollar through a 1:1 ratio. This means that for every USDC token issued, there is a corresponding US dollar stored in reserves as collateral.
The primary purpose of USDC is to provide a stable medium of exchange for digital transactions, enabling users to hold and transfer funds with minimal volatility. This is achieved through the backing of the token with real-world assets, which reduces the risk of price fluctuations.
USDC is mainly used for:
1. Digital transactions and payments - USDC can be used for peer-to-peer transactions, e-commerce, and cross-border payments. With its easy transferability and low fees, USDC eliminates the need for intermediaries or middlemen in traditional financial transactions.
2. Trading and investing - USDC can be used to buy and sell other cryptocurrencies or assets on crypto exchanges, and to access decentralized finance (DeFi) protocols, which allow users to earn interest, borrow, and lend cryptocurrencies.
3. Remittances - USDC can be used to remit funds across borders with lower fees and faster processing times than traditional remittance systems.
In summary, USDC is a stable and reliable currency that serves as a bridge between traditional finance and the world of cryptocurrencies, providing a trusted and regulated fiat on-ramp to the digital world.
Performance without dividends (%)
| Name | 1w |
|---|---|
| USD Coin | -0.469% |
| iShares Core DAX® | 2.594% |
| iShares Nasdaq 100 | 3.553% |
| iShares Nikkei 225® | 0.687% |
| iShares S&P 500 | 2.209% |