Review on USD Coin by LUIS RIVERO R
USd coin according to your roadmap is placed as spearhead in the stablecoin as…
USd coin according to your roadmap is placed as spearhead in the stablecoin as as the demand grows this company will create other cryptocoins backed with fiat money from other countries, according to official information the tokens are issued and backed by their whole in fiat money...
Updated 5 years ago
Rating has not been changed
Currently it is one of the main stablecoin available in the market, it is listed in the main exchanges and is taken as a reference for other assets.
A membership was recently announced to increase the participation of various companies and institutions in the USDC emulation. However, you must comply with certain rules and conditions pre-established by Center. At this moment it is growing to a new stage and class of market, where the support and emicion will depend on other companies that have the capital and can assure that they have these reserves according to the requirements of this project.
Pros
- Its main attraction is that it is a stablecoin, that is, it is tied to fiat money and its price tends to vary little. For its integration in exchanges requires few requirements since it is based on the etherium network. It is backed by the coinbase multibiller, who has a long history and experience in the world of crypts. It is listed in the most important exchanges. It is possible to safeguard our assets in USDC since they are not affected by fluctuations in the markets especially when the trend is downward There are many cold portfolios to keep our cryptocurrencies, without the need to use a bank and these would have the same value as fiat money, this for those who want to forget the banks once and for all.
Cons
- The biggest problem is the questionings that are made with this type of projects in which it is stated that those who issue this type of cryptocurrency do not have real support in banks of what it represents. These can only be used to have our money stable in cryptocurrencies since in the long run as an investment we will not have any profit nor will there be the possibility of an increase in price.
