Is holding Usdc safe?

However, USDC is backed by reputable companies . Add to that Grant Thornton’s monthly audits. These factors confer a lot of credibility on USDC and make it more reliable than other fiat-backed stablecoins like Tether. There is also an interest rate risk that accompanies USDT deposits.

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Which is better USDT or Busd?

USDT has higher trading volumes but isn’t totally backed by cash reserves and has found itself tangled in reputation issues . In comparison, BUSD has undergone more extensive auditing processes and works on many different blockchains. The two currencies both provide fast transaction times with low fees.

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Does Tether have a future?

Tether (USDT/USD) price prediction At the time of writing (16 March) according to Trading Beasts’ Tether (USDT/USD) price forecast, by the end of 2022, the average Tether future price was expected to be $1.27 although its peak could be $1.6 .16 Mar 2022

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Why would you buy Tether?

Tether solves that problem since it has a stable price . Trading: Using cash for crypto transactions costs fees and can take days to process. An easier option is to use Tether for crypto trading. You can purchase Tether to keep in your exchange account, and then trade it for crypto whenever you want.

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