USDC staking

First, your savings account is FDIC insured , so you don’t lose your money if your bank becomes insolvent. Second, the U.S. dollar is a world reserve currency backed by the full faith and credit of the U.S. government, whereas the U.S. government doesn’t back any of these stable coins — YET.

USD Coin, as a cryptocurrency, is generally considered risky as an investment . While stablecoins like USDC have less price volatility than other cryptocurrencies, stablecoins may be subject to increased scrutiny by regulatory agencies like the U.S. Securities and Exchange Commission.15 Şub 2022

The coins are backed by the outside asset, typically USD, so there is little risk involved . However, some stablecoins are collateralized by other cryptocurrencies, increasing the risk. Stable coins typically do not move very much. In the case of USDC, it does not fluctuate at all.