NUBANK USDC COMPLETE ANALYSIS CRYPTO DIGITAL DOLLAR TERM CHANGE | FREE DIVIDENDS | BYBIT | NEXUS

NUBANK USDC COMPLETE ANALYSIS CRYPTO DIGITAL DOLLAR TERM CHANGE | FREE DIVIDENDS | BYBIT | NEXO #nubank #dollar #usdc ------------------------------------------- -------------------------------------------------- ----------------------------- Contact for Partnerships and Recommended Links: Email: brunofaria.otimiza@gmail.com Clube dos Wpp Group Nonconformists: https://chat.whatsapp.com/FXOvwqSSXrL2Kg1ssXaAaf Bybit Group: https://chat.whatsapp.com/Cx9YlPwdrTzCNwFMVaMAsJ Bybit Referral Link: https://www.bybit.com/invite?ref=RPMAKWP Nexo Referral Link: https://nexo.com/ref/eui1c9rtmk?src= ios-link Nexo Document: https://docs.google.com/document/d/1j-LVStcgL3loQB7Lfp1j_UyKv9VKavBOQP5b9eCm3CI/edit?tab=t.0#heading=h.cgznxghxbe75 ------------------- -------------------------------------------------- -------------------------------------------------- --- Follow me on other social networks and get to know the person: Instagram: https://www.instagram.com/brunoa.faria/ LinkedIn: https://www.linkedin.com/in/bruno-a-faria-11b058137/ TikTok: http://www.tiktok.com/@brunoa.faria -------------- -------------------------------------------------- -------------------------------------------------- --------- What is a stablecoin and how does it work? The literal translation of the name stablecoin is “stable currency”. So, as the name suggests, a stablecoin is a type of cryptoactive with low volatility. In other words, its price does not fluctuate much over time. This high variation in the price of cryptocurrencies is one of the characteristics that keeps many people away from these assets. After all, the chances of winning a lot of money are proportional to the risks of losing. Furthermore, the constant rise and fall in the value of digital currencies makes it difficult to adopt them as a means of payment. This is because a price established in bitcoins, for example, could become outdated very quickly. Stablecoins emerged as an alternative to the high volatility of common cryptocurrencies. For a stablecoin to truly have value, it is very important that the cryptocurrency issuer has reserves of the asset used as a reference in value equal to or greater than the digital currencies issued. In the case of USDC, for example, Circle, the company responsible for the cryptocurrency, issued US$ 24.4 billion in digital currencies backed by the US dollar until the moment this text was closed and, therefore, has a financial reserve in the same amount saved in traditional financial institutions. What is USDC (USD Coin)? USDC is a stablecoin launched in 2018 by Circle and Coinbase. It is built on the Ethereum blockchain and is also backed by US dollars. This means that each USDC is worth exactly $1 (one dollar). Therefore, its price varies according to the dollar exchange rate. How did USDC come about? USDC was created by Centre, a company formed from a partnership between the North American exchange Coinbase and the financial technology company Circle. The motivation behind the creation of this cryptocurrency was to offer a digital alternative to traditional money, allowing fast and efficient transactions on the blockchain. By maintaining a 1-to-1 relationship with the US dollar, USDC aims to provide stability and confidence to users who want to use digital currencies for daily transactions. What are the advantages of USDC? Solidity. As it is a stablecoin, USDC is backed, that is, it is guaranteed by a real asset: the US dollar. This characteristic makes it a safer option for those who have this digital asset, as it has lower volatility compared to other cryptocurrencies; Accessibility. Another facility is that USDC can be acquired without the need for a global account, and its issuance is regulated by competent bodies and with an independent audit process; More stable price. The value of USDC is pegged to the US dollar. Therefore, it does not suffer from large variations. This provides greater predictability for users. This cryptocurrency is even used by many people from countries with weaker currencies as a way of investing in dollars to protect their assets from devaluation against the United States currency; Transparency. The USDC stablecoin is focused on transparency. One of its great differences is that the issuance of this cryptocurrency is regularly audited by independent companies to ensure that Circle actually has an equivalent dollar value stored in accounts at financial institutions regulated by the United States government; Important partners. Part of the assets that support USDC are in funds from the North American bank BNY Mellon, which in turn are managed by Blackrock, one of the largest investment management companies in the world; Liquidity. In general, stablecoins offer high liquidity. This means it is easier to buy, sell or exchange stablecoins for other assets or currencies.