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
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.
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.
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.
Currently the strong support line 60k has been broken. Last resort support line is between the 56k and 58k $BTC$USDC
Laser eyes on the market and support lines. If broken again, transfer to gold and usd will be initiated. Stay strong all and good luck.
Quick update on what's been going on in the world of Bitcoin ETFs lately. Things have been pretty busy, with daily net inflows averaging $141 million in the past couple of weeks. Blackrock’s IBIT fund has actually become the biggest one out there now, beating out Grayscale’s GBTC.
Point to note - miners have been putting up a daily sell pressure of $32 million since the halving, but ETFs have been buying over four times the new supply.
In addition to this, stablecoin supplies have shot up to almost $170 billion, which is $30 billion more than last year.
TLDR - Its a waiting game - place your bets and stops accordingly!
Happy Bitcoin halving day! Bitcoin has found support at 60k as BTC.D dominance broke to upside. We are adding $BTC with our $USDC position.
💡 Coinbase L2 ERC-20 project Base has partnered with just $80m MarketCap Wanchain $WAN. 📈
📚 Decentralised, non-custodial bridges connecting BASE with 9 (!) networks. Initial routes: $AVAX, $MATIC, $WAN BNBChain.
☀️ Imagine all that $USDC from Coinbase wrapping, swapping all other assets through Wanchain bridges 🚀
🔥 Use Wisdom Ventures strategy for mid term exposure to catch this huge development in action. And than stack more sats. 💊
Avalanche (AVAX) Soars Amidst Market Volatility: Latest News and Technical Analysis
Avalanche ($AVAX) has marked a significant surge, registering a 42% increase over the past month, even as the market faces a pullback. This resilience positions AVAX as a standout performer among top cryptocurrencies.
Our latest report delves into the technical analysis of AVAX's price movement, highlighting its stability in February and a bullish trend in March. The report further explores the impact of Binance's announcement of launching a $USDC-margined AVAX Perpetual Contract, offering up to 75x leverage, on its price momentum.
Discover the full analysis and gain strategic insights into Avalanche's future trajectory. Read our latest report
