Should I buy USD Coin on Coinbase?

Genel

Despite Coinbase being one of the more reputable platforms, it’s probably best not to invest in USDC solely for its interest rate unless you believe in the future of Bitcoin and Ethereum . USDC may not be volatile, but it’s tied to the crypto world and all the risks that come with it.

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What is Terra USD crypto?

Genel

TerraUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00 . Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD’s reserve asset (LUNA) must be burned. Resources. 

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Is Usdc coin safe?

Genel

USD Coin (USDC) accomplishes exactly this and is part of a growing class of cryptocurrencies called stablecoins. While several tokens, including the popular Tether (USDT), are pegged to the dollar, USD Coin has tried to position itself as a more legitimate and trustworthy option .

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Should I keep my money in USDC?

Genel

No. USDC is still a cryptocurrency which you don’t hold or own a private key for, but it’s advertised as a stable coin which somehow makes most people feel more at ease for it. If you’re holding your cash in USDC, it’s exactly the same as if you were holding it in Bitcoin or any other coin on Coinbase.

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