Review on USD Coin by RODRIGO REIS
USDCoin is a great project on the right way
Try imagine the gains for the global economy in digitizing all that money, making it decentralized and resilient like Bitcoin for example, I consider the proposal of Stablecoin very interesting. USDCoin is a cryptocurrency on the right way
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Pros
- USDC is a fully collateralized US dollar stablecoin( Ethereum coin) created by Circle and Coinbase that possibilities payments, lending, investing, trading and trade finance
- Stable currency issuance is increasing as cryptocurrency enthusiasts look for a way to increase token use amid volatility
- USDC is being traded in a great number of exchanges.. The top trading pairs are currently USDT/USDC, BTC/USDC, ETH/USDC.
- The main wallets on the market support USDCoin. A great number of blockchain platforms are fueled by USDC.
- USDC is accepted in a great number of apps for payments, lending and other services.
- Important reserve bank partners and compliance organizations ensure USDC checks and balances.
Cons
- Due to being centralized defeats purpose of cryptocurrency.
- Stablecoin needs external audits
- Less Return on Investment than others cryptocurrencies
- There are some stablecoisn in the market being accused of lacking transparency.
