Questions about USDC
- Thread starter Zakch93
- Start date
- Dec 29, 2012
- 6,588
- 27,671
It's a stable coin
It should always be equal to USD
I use it to pay people in USDC .
It should always be equal to USD
I use it to pay people in USDC .
Zakch93
Elite Member
- Mar 7, 2020
- 2,300
- 853
By the way, yesterday I checked the gas fees to send USDC from Metamask to a wallet and it was like $1, but gas fees from Kucoin to Metamask were like $5.
Explanation? Any solution to have fees lower than $5?
Fees are lower because of ETH 2.0?It never changes and always stays tied to USD.
Gas fees is low comparing to old days, you can consider liquidating.
And see question above, $5 fee is pretty high I think to send $7 from Kucoin to Metamask.
- Dec 29, 2012
- 6,588
- 27,671
Depends really
late last month, I was sending payments of ~300 USDC and network fees were under $2 (Trust to whatever the wallet these people had, I have no idea, im assuming its either Trust or Meta)
It's probably kucoin trying take a bag out of it probs
Zakch93
Elite Member
- Mar 7, 2020
- 2,300
- 853
Ah yes makes sense. Thanks.
Raikeky
Newbie
- Jun 30, 2022
- 21
- 7
USDC is part of the so-called Stablecoins, these are cryptos that do not change their value over time and are tied to a value of 1USDC =1$, there are also other examples such as USDT, these are quite reliable and it is always good to have a small amount in case you need to make any digital purchase.
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
- 1,026
I would use USDP - Backed by gold 100% (I think the reserves are higher than 100% of the coins issued)
- Dec 29, 2012
- 6,588
- 27,671
why not just use BUSD lol?
BUSD is 100% backed by reserves held in either or both (i) fiat cash in dedicated omnibus accounts at insured U.S. banks and/or (ii) U.S. Treasury bills (including through repurchase agreements and/or money-market funds invested in U.S. Treasury bills).
Ontop, Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that will be launched in partnership with Paxos and Binance.
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
- 1,026
I guess could be another option.
You could spread your funds between several stablecoins in case one of them goes UST way
- Dec 29, 2012
- 6,588
- 27,671
UST was never a "smart" choice to begin with...I guess could be another option.
You could spread your funds between several stablecoins in case one of them goes UST way
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
- 1,026
No, but it was sold as oneUST was never a "smart" choice to begin with...
- Mar 23, 2022
- 3,657
- 977
It is stable coin so value will almost remain same.
- Dec 29, 2012
- 6,588
- 27,671
yeah, doesn't mean you believe everything anyone says xDNo, but it was sold as one
- Feb 15, 2011
- 598
- 99
USDC is a stable coin 1:1 USD
It's safe to hold USDC .
It's safe to hold USDC .
- Nov 29, 2008
- 9,120
- 4,715
I keep hearing from Tiktok influencers that USDC is 'more solid than Tether'
If you agree with this, can anyone post why we should believe this claim.
Most experienced crypto investors are probably already aware of USDT's issues (For a refresher see vid:
), but how does USDC stack up?
If you agree with this, can anyone post why we should believe this claim.
Most experienced crypto investors are probably already aware of USDT's issues (For a refresher see vid: