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TagsWhat is the difference between USD and USDC in the world of cryptocurrency?
ishank mittalDec 17, 2021 · 3 years ago1 answersCan you explain the difference between USD and USDC in the world of cryptocurrency? What are their respective uses and how do they differ from each other?
1 answers
- USD and USDC are similar in that they both represent the US dollar, but they differ in their underlying technology and use cases. USD is a physical currency issued by the US government, while USDC is a digital currency built on blockchain technology. USDC offers the advantages of cryptocurrencies, such as fast and secure transactions, while maintaining a stable value. This stability makes it a useful tool for traders and investors who want to mitigate the risks associated with price volatility. Additionally, USDC can be easily transferred and used in various decentralized finance (DeFi) applications, providing users with access to a wide range of financial services.Dec 17, 2021 · 3 years ago
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