USD Coin (USDC) stablecoin explained: what is it and how it works

USD Coin (USDC) is a #stablecoin, a type of #cryptocurrency that essentially tokenises fiat currencies, baskets of currencies, and other assets such as gold, putting them into the digital realm. How are they doing this? And more importantly. why are they bothering? Here’s why you should care about stablecoins and maybe think about getting yourself some. Invest some time for your eyeballs.

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0:00 USD Coin (USDC) stablecoin
0:22 USDC price
0:29 USDC Centre
0:34 How to get USDC
1:08 What is USDC used for?

For more on USD Coin and other stablecoins here’s how they work:

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Cryptocurrency is a high risk investment that’s not regulated in the UK. The value of cryptocurrency can fluctuate and you may lose your capital without recourse to financial regulators. Fees apply when you buy or sell cryptocurrency and Capital Gains Tax may be payable on profits when you sell.

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About the Author: Rozella Carter