USD Coin (USDC) has become a prominent stablecoin in the world of cryptocurrency. It is carefully tied to the value of the US dollar and created to provide a reliable and safe digital asset for all users, traders, and investors. Regulated financial institutions issue USDC, and each one in circulation is supported by a corresponding US dollar held in reserve.
Unwavering Transparency and Security
USDC maintains transparency and security by regularly auditing reserves to ensure full backing. It is issued by regulated entities and adheres to high compliance standards, promoting trust among users.
Navigating the Risks
Although USDC undergoes regular audits and attestations, it's important to note that the reserves supporting it can consist of diverse assets that carry financial risks. Furthermore, the regulatory environment governing stablecoins may change, which could affect the adoption and utilisation of USDC in the future. It's also crucial for users to be aware that on-chain transactions are irreversible, and there are risks associated with managing and securing digital assets.There is also a possibility that USDC could become de-pegged from its underlying asset, the US dollar, which could impact its value and stability.
Detailed information about the risks associated with USDC can be explored further in the legal documentation provided by Circle: USDC Terms and USDC Risk Factors
Here you can read and comment on all posts made by Strategists about USD Coin USDC. See all USD Coin price predictions in real time and make the best use of their crypto knowledge.
Dear valued clients,
We would like to inform you that on November 28, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.
The current active DAA structure will be as follows:
Dear valued clients,
We would like to inform you that on November 22, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.
The current active DAA structure will be as follows:
$USDC
The current Bitcoin charts exhibit a notably bullish trend; however, we see resistance at the 38000 level.
For the remainder of the day, we plan to transition into stablecoins, given the current market fluctuations within the range of 35000 to 38000.
A reconsideration of reentry into the market will be made at the daily close, which is just a few hours away.
Dear valued clients,
We would like to inform you that on November 19, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.
The current active DAA structure will be as follows:
$USDC
Our algo giving us abit mix signals as we are in a ranging market) what we really want to see is a daily close above 37000) but it looks like the BULLS are having a hard fight around the current resistance point.
A detail technical analysis is right around the corner.
Dear valued clients,
We would like to inform you that on November 15, 2023, we will be automatically executing a rebalancing of the Digital Asset Array (DAA) within the Crypto Assets DAA strategy.
The current active DAA structure will be as follows:
Our algo gave us a signal to be on the sideline) we will be observing the market closely and reenter if current support holds. We will post more details later today.
We feel that our exposure in L1's is big enough already so we've removed $ETH and have added a small position in $FET for AI exposure and $ROSE due to its smaller market cap. The overall plan is staying the same, keeping 10% in $USDC for now and ready to increase the position further, expecting a retrace as mentioned in one of the previous posts.
