Why is USDC interest so high?

The easy explanation is that high interest rates compensate people for the risk that the stablecoin will fall off its peg . But prime stablecoins like USDC and Pax (USDP) are fully backed by high-quality dollar assets, so the risk that people will lose their money is small.

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Is USD Coin real?

USD Coin (USDC) is a digital stablecoin that is pegged to the United States dollar . USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain, an investor in Circle.

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Is USD Coin worth buying?

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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What is a USD Coin worth?

USD Coin price analysis | ETMarkets. … USD Coin Price Update. USD Coin PriceValueToday/Current/Last77.571 Day Return0.07%7 Day Return-1.53%USD Coin price live today – Cryptocurrency – The Economic Times m.economictimes.com › usd-coin-price › cryptodetail › symbol-usdc

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