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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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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Is USDC a good investment?

Genel

USDC is a great option for traditional investors looking for a low-beta investment that can generate returns better than CDs . This low-beta investment can also reduce the portfolio’s overall risk which can help match the portfolio’s risk profile with the investor’s risk appetite.

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