Our delusional perspective on Iconomi platform and why we may be considering moving out some of our strategies in the next several months:
- Fees are not competitive enough compared to DEX and CEX, while too many assets cannot be taken in self custody nor deposited (only for $BTC $ETH $USDT $USDC)
- Management did not implement features requested by community as shorting, physical credit cards, comparison of any asset on the platform (strategies can be compared but not against specific coins, nor specific coins with other specific coins) and so other features that were super demanded and whose controversy has been cleared lately, like staking for instance. Competitors like Kraken or Coinbase for instance allow staking.
- Management has no clear vision: originally the company was born with the view of Decentralized Asset Arrays, it abandoned this view and now cannot figure out its roadmap, meanwhile asset tokenisation is taking over in classical finance.
- Iconomi does not define itself as a broker but does not disclose the details of your rebalances (eg. Exchange and prices where swapping occurs). Controversial to say the least.
- Platform does not provide real time graphs (lag of 10 min at least), not great for deciding around support and resistance levels.
- Users cannot even comment posts, so creating a one way communication and destroying the good created in terms of community creation done so far and possible interaction and question making to strategies managers.
- Iconomi mistakes (adoption of Luna USD and payback of shares through it) was never properly compensated nor acknowledged, not to users nor to shareholders. Now, after more than 5 yr from inception, Iconomi does not buy back its own shares, meanwhile operations as Triaconta acquisition was a failure, especially considering the original plan of (tokenised) company inception in Luxembourg.
- Altcoins are showing as the way of subtracting wealth from $BTC ecosystem, similarly to what happened with the ICO and successive Initial Private Offering when allocated money to 1 share (few ETH) now worth nothing as there is not even a buy back market from the company itself, while ETH worth almost a order of magnitude more.
We will monitor the evolution and keep you updated with our critical perspectives regarding what may be the evolutions of our services on the platform and our perspective on the platform itself.
Bests
USD Coin Live Price in USD
See the live USD Coin price in USD. Buy USD Coin or add it to your Crypto Strategy.
USDC USD price chart / performance
USDC USD price chart / performance
USD Coin to USD Data
The USDC to USD conversion rate today is $1.00. This is a decrease of +0.00% in the last 24 hours. The recent price direction shows a bullish trend because USDC is up +0.05% against USD in the last 30 days.
Strategies with USDC
Returns
Returns
My Investment
My Investment
USD Coin (USDC) History and Overview
USD Coin (USDC) History and Overview
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
How To Buy USD Coin or Add it to your Strategy
How To Buy USD Coin or Add it to your Strategy
The fastest, most convenient way to purchase USD Coin is to purchase it on ICONOMI. We check USD Coin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy USD Coin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if USD Coin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy USD Coin, we recommend you read the next section, as copying might be a better approach.
Add USD Coin to your portfolio by copying a Strategy
Add USD Coin to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have USD Coin in their structure.
USDC/USD Conversion Tables
USDC/USD Conversion Tables
USDC to USD conversion rates
| 0.5 USDC | $0.5001 |
| 1 USDC | $1.00 |
| 5 USDC | $5.00 |
| 10 USDC | $10.00 |
| 50 USDC | $50.01 |
| 100 USDC | $100.02 |
| 500 USDC | $500.08 |
| 1000 USDC | $1,000.17 |
USD to USDC conversion rates
| $0.50 | 0.499916 USDC |
| $1.00 | 0.999833 USDC |
| $5.00 | 4.999164 USDC |
| $10.00 | 9.998329 USDC |
| $50.00 | 49.991644 USDC |
| $100.00 | 99.983289 USDC |
| $500.00 | 499.916444 USDC |
| $1,000.00 | 999.832888 USDC |
Other ETH to Fiat Conversions
Other ETH to Fiat Conversions
Posts
Here you can read and comment on all posts made by Strategists about USD Coin USDC. See all USD Coin USD price predictions in real time and make the best use of their crypto knowledge.
📢 Update
BM Digital Assets Classification Standard (BM DACS)
As part of our regular review process, some assets have been added recently to @ICONOMI ,we have classified them according to our sector classification methodology.
The classification is reviewed periodically to keep pace with changes occurring in the crypto market and appropriate industry regulation.
After any update to any project, its classification will be modified based on the project’s white papers.
Radical changes:
◾We have modified our internal classification of the media and entertainment sector to include: content creation, gaming, music, sports, video, memes, social media platforms, search engines, prediction markets, gambling, non-fungible tokens, metaverse, augmented reality and virtual reality.
◾We have added a specific sector to keep pace with the changes taking place in the market: Asset-Backed Tokens
Asset-backed tokens are digital claims on a physical asset and backed by that asset.
Gold, crude oil, real estate, stocks, agricultural crops like coffee and cotton, or any other real or physical asset can be converted into a token and become an asset-backed token, or any digital claim to fiat currencies.
We will look at the outcome of the digitization of physical assets as part of this sector in the future, we look at the outcome of the process in this sector and not the ecosystem that supports the digitization of physical assets.
Currently: The assets listed on @ICONOMI that meet these criteria are $USDT, $USDC, $PAXG.
These tokens rely on trust from a third party, so be careful when holding one of these tokens.
You can take a look at our Digital Assets Classification Standard here.
Feel free to explore the changes and reach out if you have any questions or need further clarification.
We hope this helps you understand the crypto market in a simple way.
Thank you for your trust and continued support.
Best regards,
🔵The Strategist
$SUI has been on an incredible rise, jumping 140% in the past month!
What’s fuelling this momentum? It’s all about strategic partnerships, $USDC integration, and the launch of staking options, which are catching the eyes of both retail and institutional investors. Plus, with new technology like SCION improving the network, SUI is positioned for even more growth.
Want to know more about what’s driving this surge? Head over to our blog for a deeper dive.
Read the full analysis 👉HERE
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