Review on USD Coin by Ana A

Name: USD Coin
Item: USD Coin
Rating: 5

April 27, 2020

USD stable

This has become the first stable cryptocurrency to enter the largest trading platform in the world. It was assigned the name of Stable coin, as it is the one that has maintained its price in relation to 1 = 1 USD since its launch. Each token of this currency is 100% backed by one dollar legally. As of today, it has achieved a good position in the international and world market.
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Pros

Backup
A currency with a great track record in the market
It can be purchased in almost all countries and places in the world
It is an internationally legalized currency

Cons

Many people consider it has no fiduciary effect, since its very strong support compared to other currencies. And therefore many users have claimed to be one more branch of the USD so it is only the digital dollar.
Investment in it generates stability, but there are no projections of increases in prices.
Their interest rates and transaction fees are usually very high, which is a waste for those who have money and want to make transactions.