Review on USD Coin by Robiul Islam
An open source, smart contract-based stablecoin.
When cryptocurrencies were created to replace fiat currency, the volatility seen by them has hindered their use in daily trade. Stablecoins are radically different, and their creation could be the real beginning of a revolution that takes the physical fiat currency out of circulation and replaces it with a digital equivalent.
What is USD coin almost everyone knows, I will not talk about it I'd like to talk about some uses.
USD coin use cases.
The first obvious use case is that since it is an ERC-20 token the two ethereum wallets will be able to send or receive almost anytime and anywhere in the world.
This makes it easier and faster for both small ecommerce payments or big business related payments. And due to the performance of a stable coin, customers are able to hold and use USDC without having to worry about rapidly changing values.
As the blockchain ecosystem grows, the utility of ERC-20 compatible USDCs will increase. There are already a plethora of exchanges, apps and blockchain based games, but these numbers are set to explode in the coming years.
I like to invest in credible crypto with a positive reputation.
Pros
- Short cryptocurrency without cash and make buying cryptocurrency easy in the future.
- Send money instantly, globally, securely and at low cost.
- Shop for items in various Crypto dapps, exchange and blockchain based games.
- Rapidly developing project with credible institutions behind it.
Cons
- I have no concern with USD Coin.
