Can USDC gain value?

USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 USD Coin for US$1.00, giving it a stable price. On Coinbase, eligible customers can earn rewards for every USD Coin they hold .

The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract. Bringing US dollars on the blockchain allows moving them anywhere in the world within minutes, and brings much-needed stability to cryptocurrencies . Also, it opens up new opportunities for trading, lending, risk-hedging and more.

1. Easier access to crypto markets . Using USDC allows you to buy, sell, and transfer funds while remaining in the cryptocurrency ecosystem. Instead of having to cash out to your traditional bank, you can hold USDC which is pegged to the US dollar.

USDC is primarily a stablecoin, which means it is a cryptocurrency that minimizes market fluctuations in its value .