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USD Coin: Can You Really Trust USDC?

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  • Опубликовано: 15 авг 2024
  • ► Our long form review here: www.coinbureau...
    ► Best Stablecoins: www.coinbureau...
    ► DAI Coin Overview: www.coinbureau...
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    ⛓️ 🔗 Helpful Links 🔗 ⛓️
    ► Website: www.centre.io/
    ► Developer Resources: www.centre.io/...
    ► FAQs: www.centre.io/...
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    📱️ Socials 📱
    ► Blog: / centre
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    📝 Overview 📝
    The USDC is another stablecoin that is trying to challenge Tether et al.
    It is issued by the Centre consortium which is between Circle and Coinbase. Circle is a company that owns the Poloniex exchange and is backed by Goldman Sachs.
    It is US based, is backed by well known companies and is fully US dollar funded - all of this verifiable through public record and internal audits.
    The USD Coin is still centralised. The dollar reserves are in the hands of the Consortium and the dollars are redeemed through them.
    The USD Coin was issued on the Ethereum blockchain as an ERC20 compatible token.
    In order to make sure that the coin remains fully dollar backed, they will issue and burn tokens whenever there is a deposit / redemption.
    The dollar peg will be maintained through a combination of supply, demand and no-arbitrage pricing dynamics.
    The USDC is available on a number of exchanges.
    The primary listing for this token is on Coinbase. For those who are based in the US, you can buy it with dollars right on your Coinbase account.
    It is also listed on Binance, Poloniex, LATOKEN, IDCM etc.
    There is strong turnover for the token on all of these exchanges. This means a large degree of liquidity for the bigger block orders.
    In terms of storage, given that this is an ERC20 standard token, you have numerous wallet options - although you should probably opt for a trezor or ledger.
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    📜 Disclaimer 📜
    The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
    #USDCoin #USDC #crypto #blockchain #Review #Bitcoin #Stablecoin #Circle #trading #Coinbase #cryptocurrency #coinbasepro

Комментарии • 287

  • @NullVoid960
    @NullVoid960 5 лет назад +22

    Thank you sincerely for this I've just fallen on the merchant side of crypto and this was very valuable. Cheers to you sir

  • @JoshRafG
    @JoshRafG 2 года назад +35

    I see many platforms allow you to lock your USDC with high APY such as 11%-12%, while USDT is around 6%. Could you explain how these platforms allow you to get more USDC passively just by locking it for a period of time? I cant see any platform that use fiat that would guarantee >10% passive income annualy. So this makes me kind of confused

    • @flyingscalpel7
      @flyingscalpel7 2 года назад

      I have the same question.

    • @jenniferscanlon5338
      @jenniferscanlon5338 2 года назад +1

      I Have the same question! and the more i think about it the more it dosent make any sense at all. now i just want to change gears and just focus on tradding because i have been hearing some good news about it and i know someone who just bought a damn house with the returns but unfortunately i dont know anything about it and am definetly eager to venture into it

    • @charleswood8225
      @charleswood8225 2 года назад

      Awesom video I'm from Belgium and I can tell you that decentralized finance is definetly the future from my own account, but certainly you need to know your way around it, i have someone, alexis susan welsh, an expert trader that i can invest with and its been great i know so much now how it really works. and because oof this right approach to investing, good profit is now my middle name

    • @howardpine7632
      @howardpine7632 2 года назад

      I have been seeing so many recommendations about Alexis Susan Welsh trending, her strategy must be good for people to talk about her and my cousin recommended her to me Consistency is key, I've been investing with her for years now and I've made alot of profit from her. Most of those traders who offer to give you 300% of whatever you invest might scam you of your hard earned money.

    • @jenniferscanlon5338
      @jenniferscanlon5338 2 года назад

      amazing! i have heard about so many times, Please how do i contact her directly, and i want to invest 20000 dollars, how much return am i expecting in like 3 months

  • @joeminted
    @joeminted Год назад +1

    We would like to request a follow-up video in the wake of the recent USDC depegging. Thank you.

  • @714boba2003
    @714boba2003 3 года назад +9

    I’m storing all of my coins in my private exodus wallet. After gains, I convert them into USD coin, then rebuy during a dip.....all transactions done within my exodus wallet. Is this a good move vs “trading” on an Exchange, hassling transferring back & forth offline?

    • @susancorgi
      @susancorgi 3 года назад +1

      you will get robbed by exodus. they steal ppl coins.

    • @kanuki0
      @kanuki0 3 года назад

      @@susancorgi source?

    • @JRodCards
      @JRodCards 3 года назад +2

      @@susancorgi They rob you with ridiculous fees. It's a nice wallet, but the exchange should not be used. Use binance instead.

  • @DigitalNetworkInsights
    @DigitalNetworkInsights 3 года назад +18

    If a fiat dollar crashes then I guess we’d be safer keeping it as crypto such as Bitcoin Or XRP or XLM (which all currently have volatility. The fiat dollar isn’t backed by anything. So if the USDC is backed by the U.S. Dollar then how stable is it? The fiat dollar has lost 80% of its value since its inception starting with the 1913 Federal Reserve Act. The dominance of the US reserve currency is being challenged. So deposits into the USDC as a convertible digital currency must be pre-funded. Then after it’s pre-funded and backed by the USDollar then the USDC virtual currency which is convertible must have itself be identified and regulated as a stable denomination of “money” not currency. Money being a store of value vs a currency which has to be backed by something, and that doesn’t mean thin air. More like gold, silver, or another asset such as XRP which could be seen as a stable coin with utility, convertibility, and liquidity.

    • @JapaAppa
      @JapaAppa 3 года назад +7

      Yea but do you honestly think the government is going to let the dollar crash? They’ll pull some fuckery and save themselves

    • @oliverhart7013
      @oliverhart7013 Год назад

      @@JapaAppa I think they want the US dollar to crash.

  • @chinchin3451
    @chinchin3451 2 года назад

    Thanks for pointing this out, I rarely hear about usdc yet tether the one to be constantly criticized

  • @erarandom1116
    @erarandom1116 4 года назад +9

    So can I buy let's say $1000 of USDC and then convert it into Bitcoin just as Bitcoin dumps and hits a huge low? Then when price jumps back up in Bitcoin sell it for profit by converting back into USDC?

    • @WW-34
      @WW-34 4 года назад +2

      Yes you can. Fees are 0. BlockFi. You’d get 8.6% interest on your USDC, paid in whatever you’d like.

    • @erarandom1116
      @erarandom1116 4 года назад +2

      @@WW-34 I'm going to look more into that

    • @Slewo
      @Slewo 2 года назад

      @@erarandom1116 Are you able to avoid capital gains during tax time when converting to USDC while profit taking?

  • @RustMoments
    @RustMoments 2 года назад +1

    No matter the year, this is an awesome informational video :)

  • @xrpbold6264
    @xrpbold6264 3 года назад +5

    Can u extend to explain advantage and disadvantage of cryptos in your coming videos?

  • @firevenus
    @firevenus 4 года назад +9

    thank you. this is a very handy info.

  • @Amal-ul4ec
    @Amal-ul4ec 2 года назад +2

    Nice explanation, its simple and easy to understand 👌

  • @footage6402
    @footage6402 4 года назад +6

    So with this coin can we now use it to transfer over to binance exchange for trading back into other cryptos? Before on binance they didn't allow usd deposit correct?

    • @klrrider2131
      @klrrider2131 3 года назад

      @Tao Zen Qi network fees are 2.8% when I try to move usdc to my wallet...or send to e change correct? Jusy trying to figure out cheapest way to move value around.

  • @aqadaptiveintelligence
    @aqadaptiveintelligence 3 года назад +7

    Heard selling USDC on Coinbase (with debit card) is a non-taxable event… is this true?

  • @ernesttarango4974
    @ernesttarango4974 3 года назад +14

    Question. Is it wise to convert crypto profits into USD Coin and hodl rather than convert into Fiat?

    • @nightvision6243
      @nightvision6243 3 года назад

      Is it possible?

    • @sintamaramadrama
      @sintamaramadrama 3 года назад +14

      you can earn interest on your stable coins. for me interest rates on stablecoins always beat the interest rates on savings in fiat overwhelmingly

    • @MrArbeter
      @MrArbeter 3 года назад +4

      yes you can and its the only smart option if you wanna avoid high selling fees from coinbase for instance

    • @ryanlong6535
      @ryanlong6535 3 года назад

      Did you ever find out answer to this qurstions? Cause usdc coin fees are outrages and usd dollar in coinbase is free, do other than earning a little I retest what's the advantage to usdc? Is it taxes or something?

    • @MrArbeter
      @MrArbeter 3 года назад

      @@ryanlong6535 i did there is an actual fee for converting to USDC all doe its not as expensive as selling its still an expensive fee . I would advice to not use coinbase at all or maybe use coinbase pro where it costs 1 dollar to sell otherwise an exchange with Tether is preferred

  • @volcano23
    @volcano23 4 года назад +9

    How do the rewards work? It states 1.25 APY, will i be earning interest monthly in USDC?

    • @FinnishArmy
      @FinnishArmy 4 года назад

      Yes. If you put money in there, you will instantly see your earning every second update.

    • @soniatobias6060
      @soniatobias6060 4 года назад +1

      Thank you for asking. I was wondering the same thing. This video and others didn’t cover that part of owning usdc. I’m thinking of putting money here and hodling in a cold storage vs placing it in a savings account to save money and earn interest. Thanks!

    • @PrincipalProductions
      @PrincipalProductions 4 года назад

      Does the apy work on coinbase pro and for tezos as well?

    • @FinnishArmy
      @FinnishArmy 4 года назад +1

      @@PrincipalProductions Yes, They automatically stake for you. 4.9% right now.

  • @ppqq9825
    @ppqq9825 3 года назад +4

    Is investing large US dollars into USDC through voyager a smart decision?

    • @4rebecca
      @4rebecca 3 года назад +2

      i am wondering the same thing....

    • @dannsoy7132
      @dannsoy7132 2 года назад

      I have 10k amount USDC in Voyager as of now

  • @mattytrades
    @mattytrades 3 года назад +1

    my thing is, when people see even 1% volatility how many stop orders are going to be in place? price action is a weird determination when its stagnant for years.

  • @timothyeaton4121
    @timothyeaton4121 2 года назад

    Please clarify the difference between buying your crypto tokens paired to USDT or USDC. If you bought all your tokens paired with USDT and USDT crashes, I assume that means your tokens crash with it….but if you bought your tokens paired to USDC and USDT crashed, would your tokens maintain their value?

  • @criticalcrossroads498
    @criticalcrossroads498 4 года назад +11

    Blockfi paying 8.5% interest with USDC

    • @captaincloud7118
      @captaincloud7118 4 года назад

      We can convert US dollar to USDC and vice versa any time?

    • @criticalcrossroads498
      @criticalcrossroads498 4 года назад +1

      @@captaincloud7118 Yep...assuming they don't go out of business.

    • @icclg5768
      @icclg5768 3 года назад +2

      Yea, Goldman Sachs and coinbase, going out of business, lmfao.

    • @champchristianfarley8814
      @champchristianfarley8814 3 года назад

      @@icclg5768 huh? Whats goldman sachs???

    • @tensevo
      @tensevo 3 года назад +1

      @billionaire Hodlers if you were a billionaire you would not be posting ads for youtube in the comments section.

  • @bradchez1908
    @bradchez1908 3 года назад +2

    Can you use USDC as a stable coin from the U.K. in £GBP

  • @mingtaoqi7076
    @mingtaoqi7076 3 года назад +1

    Will they get rid of stable coins and replace with cbdcs?

  • @waynewood4791
    @waynewood4791 2 года назад +3

    I trust the new USDC currency just as much as the US dollar at this point, and I think that they will both implode the way things are going.

  • @lordofrodinia5033
    @lordofrodinia5033 Год назад +6

    Always good to hear your thoughtful and logical analysis. I don't care about bullish or bearish market. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market trading went smooth for me as I was able to raise over 8.4 BTC when I started at 3 BTC in just few weeks implementing Bryan Anderson and tips..

    • @leonardogustavo2929
      @leonardogustavo2929 Год назад

      I used to be a holder, But the panic of a market crash made me go into trading, And now i make my profits steadily with his daily trade signals.

    • @durihye2405
      @durihye2405 Год назад

      His training program has been insightful, and I must say, I’m most honored to have been part and a full-time beneficiary of his daily trade signals.

    • @janeroland248
      @janeroland248 Год назад

      Building a good investment portfolio is more complex so I would recommend you seek Bryan Anderson support. This way you can get strategies designed to address your long/short term and financial dreams.

    • @anitahaywood2517
      @anitahaywood2517 Год назад

      Bryan Anderson is solid and knowledgeable. I've been watching his twice a day for a year, and all I've never seen is positive remarks.

  • @muddypalmsera
    @muddypalmsera 5 лет назад +7

    What if the US dollar crashes or falls in value?
    Will your USDC still have the same value it had when you bought it?

    • @CoinBureau
      @CoinBureau  5 лет назад +10

      It will still be worth 1 usd. So if the dollar crashes (compared to other currencies) then your holdings of USD coin will also fall in value with the dollar. Remember - each USDC is backed by a US dollar in their bank accounts.

    • @nakedgorillaable
      @nakedgorillaable 4 года назад +1

      It will maintain whatever value the US dollar maintains. If a USD is worth 39 cents your USDC dollar will be worth 1 USD worth 39n cents

    • @tylerdurden4129
      @tylerdurden4129 4 года назад +2

      That's like asking if you bought gold, would it stay the same value forever even if the price changed..
      It's designed to follow it..
      Think about your question and what your trying to compare it with in the market.

    • @nakedgorillaable
      @nakedgorillaable 4 года назад

      @@tylerdurden4129 Is this the real Tyler Durden??

  • @jadejade5303
    @jadejade5303 2 года назад +2

    So usdc is useless unless you deposit a huge amount of money? I just put $3 in it.. i guess i wont make any thing from that Lol. Hey im broke. Thats why i hope cryptocurrency will turn my life around.

  • @munish225474
    @munish225474 4 года назад

    MMM BSC Global की विशेषताएं - क्यो यह सिस्टम सालो साल चलेगा?
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    3. सिस्टम में स्टेबल ग्लोबल करंसी का इस्तेमाल होता हे - USD - PAX = 1:1
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  • @cherylyarbrough9107
    @cherylyarbrough9107 3 года назад

    I don't see USDC in the drop down menu in my Trezor. Can I first send a bit from my CB account for it to show? I ultimately would like to buy and sell my bitcoin in and out of USDC with opportunistic swings in growth and decline.

  • @demayoexperience
    @demayoexperience 4 года назад +6

    So is USD coin a better option for your savings than putting your money in a traditional savings bank account?

    • @seahawks1185
      @seahawks1185 4 года назад +6

      Of course it is, on crypto dot com you can get 12% apy on USDC, you can deposit USD with ACH for free to coinbase and buy/sell USDC for free, then transfer to cryptocom for like 0.50 USDC. They also have a Visa debit card with tiers of cashback 3-5 %, you can buy,sell,trade,earn,invest, load Fiat for free, load your Visa with BTC or Fiat and spend it anywhere and more, best all in one app on the market with top interest rates on BTC,stablecoins, LTC and more. Look them up, there MCO coin will moon real soon.

    • @demayoexperience
      @demayoexperience 4 года назад +2

      @@seahawks1185 thank you so much for the insight. Best of success to you.

    • @justinscorcese1434
      @justinscorcese1434 3 года назад

      Have you guys seen USDQ? What do you think?

    • @mallyndab
      @mallyndab 3 года назад +1

      USDC is basically dollars. So it will fluctuate as the dollar fluctuates.

  • @zamiraatakhanova2288
    @zamiraatakhanova2288 2 года назад

    Thank you.
    Could you explain how exchange usd coin to BTC. Thank you in advance.

  • @coinfreedom9892
    @coinfreedom9892 3 года назад +2

    What is the purpose of holding USD coins when you can sell crypto for dollars in the Us? Is it for a short term when you foresee a market crash and don’t want to cash out yet? I am a beginner crypto investor and hope this is not a stupid question lol.

    • @workindo1929
      @workindo1929 3 года назад

      I guess the main reason would be to earn interests on it (roughly 8%)by sending it for example to Nexo.

    • @malawigold747
      @malawigold747 3 года назад +2

      U wont be taxed when u sell ur coins for usdc, as opposed to actual dollars

    • @aqadaptiveintelligence
      @aqadaptiveintelligence 3 года назад +3

      @@malawigold747 source?

  • @markmaxwell575
    @markmaxwell575 3 года назад

    Running on Ethereum, is there gas fee? If so -- how is that handled? Exchange fee?

  • @samchong1083
    @samchong1083 3 года назад +1

    So if I put my cash deposit from my voyager app to usdt or usdc, can you explain to me in easy terminology how and when do these crypto coins pay out interest?

    • @Basnican
      @Basnican 3 года назад

      They pay monthly.
      Example: if I buy $10,000 in USDC I get monthly interest in USDC
      Currently Voyager pays 9% APY
      $10k (9%) = $900 a year
      Monthly you get $75 USDC

  • @TGK_KaMiKaZe
    @TGK_KaMiKaZe 2 года назад

    I forgot my transaction key whats the way to reset the key?

  • @jrico153
    @jrico153 Год назад

    Right now it’s only for $1 to buy so I gave it a try and it seems like I’m the only one who bought it haha

  • @LoneMaestro-
    @LoneMaestro- 3 года назад +1

    Invest a million dollars in this USDC at its lowest point withraw it at its highest point makes $1 STONKS

  • @supremehinduism7990
    @supremehinduism7990 2 года назад

    Dear sir, make updated information video on stable coin....

  • @gregcastonguay9581
    @gregcastonguay9581 3 года назад +1

    It sounds like transferring ETH as an example with such a high price of ETH into USDC might be a good way to hedge your best for a downturn in the price of ETH. What do you think?

    • @tensevo
      @tensevo 3 года назад +1

      It's not a hedge against ETH since if ETH fails, then USDC fails. Also, the volume will always be much higher with ETH, thus ensuring liquidity when you want to trade.

    • @therhythmatic
      @therhythmatic 3 года назад +3

      @marc that’s not entirely true though right? If ETH loses value, USDC won’t because it’s always the same amount. So based on where you are with your gains, converting to USDC during the downturn, could prove beneficial to you.

    • @tensevo
      @tensevo 3 года назад

      @@therhythmatic I said fails not "falls".

    • @therhythmatic
      @therhythmatic 3 года назад

      @@tensevo gotcha, my bad.

  • @taylorshephard274
    @taylorshephard274 2 года назад +50

    I'm 35 and my husband 42 we are both retired with over $3million in net worth and no debts . Currently living smart and frugal with our money . Saving and investing lifestyle in the crypto market made it possible for us this early even till now we earn weekly .All Thanks to alexis susan welsh..

    • @trudybolt7727
      @trudybolt7727 2 года назад

      I know her and for years now, I use her services and she helped me generate income to start flipping houses and now I have over a dozen houses, and still I make more money through her than the houses lol

    • @jenniferscanlon5338
      @jenniferscanlon5338 2 года назад

      amazing! i have heard about so many times Please, how do i reach her directly, and i want to invest 20000 dollars, how much return am i expecting in like 3 months

    • @taylorshephard274
      @taylorshephard274 2 года назад

      Sure, just look her up online, that’s how I did it, am sure you will find her, that’s all you need

  • @miguelquazar883
    @miguelquazar883 2 года назад

    I know this video is two years old. I just want to mention, at this very moment USD coin's 24h volume is currently at $84.92 TRILLION! Some shady shit is going on here. This will affect the economy hard. Crypto or fiat is being manipulated on a level we've never seen before. $84,920,000,000,000.... Good luck.

  • @robertramirez4813
    @robertramirez4813 4 года назад +3

    Is there issues sending usdc from one exchange to another?

    • @therhythmatic
      @therhythmatic 3 года назад +1

      I haven’t had any problems going from Coinbase to Nexo. There’s a fee involved obviously but I had 0 issues with this transfer the times I’ve done it.

    • @skorpyo331
      @skorpyo331 3 года назад

      Crypto.com to etoro??

  • @TrichsRUs
    @TrichsRUs 2 года назад

    Are there crazy fees with withdrawing stable coins from my wallet?

  • @R-BURQUENO
    @R-BURQUENO 3 года назад +1

    I'M TRYING TO SWAP MY USDC TO BITCOIN BUT IT SAYS I DON'T HAVE ENOUGH ETHERIUM GAS FEES. SO NOW MY MONEY IS STUCK IN USDC ON MY SAFE POWER WALLET. WHAT DO I DO PLEASE SOMEBODY HELP ME

    • @ANB433
      @ANB433 3 года назад +3

      Turn it into fiat and then buy Bitcoins lol. Not really hard 🤷‍♂️

    • @Yagurltt97
      @Yagurltt97 3 года назад

      LMAO ONLY DUMBASSES PUT THERE MONEY IN USDC ITS THE FEDS THEY WANT THAT MONEY xDDDDD public recordssss

    • @ashyslashy5818
      @ashyslashy5818 3 года назад +3

      @@Yagurltt97 UR A FUCKIN PEACE OF SHIT.....

  • @ashyslashy5818
    @ashyslashy5818 3 года назад +1

    why do i need eth to move my USDC you did not mention that.

  • @luckymelvillota7111
    @luckymelvillota7111 3 года назад

    Can I sell USDC I need answers, thank you

  • @The-football-gods
    @The-football-gods 2 года назад

    Will USDc coin go up any I’d

  • @fernandoinv1972
    @fernandoinv1972 4 года назад +3

    nice reading.....

  • @kenanwestbrook5020
    @kenanwestbrook5020 3 года назад

    Does centralized mean it is governed more? Will I get in trouble for sending or receiving $10,000 or more at one time using USDC? Someone help

    • @atlballen
      @atlballen 2 года назад

      Irs still regulates crypto as much as they “can”

  • @BugRaiser
    @BugRaiser 4 года назад +1

    I have 26 dollars worth I’m waiting to save this up with that 1.25 aply rate, to see if in a year or two if it will increase in value.

    • @CoinBureau
      @CoinBureau  4 года назад +7

      Its a stablecoin. It will be exactly one dollar in one year?

    • @BugRaiser
      @BugRaiser 4 года назад +1

      Coin Bureau yea I know but imma save this coin and let the rewards add up to the coin, I have terrible grammar and you’re British so I guess it’s not big mystery as to how I confused you.

    • @WellnessandTruthMinistry
      @WellnessandTruthMinistry 4 года назад +1

      I like your username name 😂😂

    • @rwandadrives
      @rwandadrives 4 года назад +1

      Put it on Celsius Network and earn over 8%. You want a referral code? We both earn a few bucks...

    • @daveb5041
      @daveb5041 3 года назад +1

      @@coreylauck3310 exactly. Why would you invest only 26$ to make two bucks two years later when inflation is going to make it worth less. Better to buy some essential item everyone buys on ebay and resell it for 25% more? If it takes a 10 day listing thats a huge APY. Investing less then 1k isnt worth the time spent.

  • @type1civilization168
    @type1civilization168 3 года назад

    Can make an update, or a video on the most secure stable coin today..

  • @nickymore6303
    @nickymore6303 2 года назад +1

    who come after UST depegged? :P

  • @saraharajli
    @saraharajli 2 года назад

    @coinbureau Can we purchase USDC from ledger connected to our bank account? Instead of going through exchanges.

  • @MFKraven
    @MFKraven 3 года назад +1

    do we have to pay taxes on interest earned on USDC?

    • @chr0nosIRL
      @chr0nosIRL 3 года назад +4

      Yes. Its taxed like regular income. The tax man never misses you.

  • @rogernelson9492
    @rogernelson9492 Год назад

    Tether is much more trustful at the moment. USDC isn't really known to be transparent.

  • @josh67033
    @josh67033 3 года назад +3

    Say the US dollar experiences hyperinflation, since USDC is pegged would it too lose value or remain constant?

    • @josh67033
      @josh67033 3 года назад +5

      @o165o so it too is sh*t.
      Thanks

  • @mysterious1788
    @mysterious1788 3 года назад +1

    Would it be better to buy XRP with USDT or USDC?

    • @davidshechtman4746
      @davidshechtman4746 3 года назад

      Better not to buy ripple

    • @YouKnowTheBiz
      @YouKnowTheBiz 3 года назад

      Xlm is cool right ?

    • @davidshechtman4746
      @davidshechtman4746 2 года назад

      @@paru_-te9be shiba inu nugs! Whens the IPO?!

    • @davidshechtman4746
      @davidshechtman4746 2 года назад +1

      @Nyree, XRP is a sh*t coin. They print up more of it to keep the price down. It's the defacto (who and why made it) world Bank coin. The whole point of crypto is to get away from Central Banks.

    • @mysterious1788
      @mysterious1788 2 года назад

      @david thank you😇

  • @Criam
    @Criam 3 года назад

    Ok so.... on voyager, usdc is a 9% interest rate. If I put 100k in it, will I make 9k a month compounding interest...?
    Is it safe to do that...?
    Would you recommend that or nah?

    • @dreamer5234
      @dreamer5234 3 года назад

      that 9% is per year.

    • @Criam
      @Criam 3 года назад

      @@dreamer5234 ya I realized that. Thanks

    • @frefra101
      @frefra101 2 года назад

      750$ a month

  • @dcdashe9547
    @dcdashe9547 4 года назад +3

    So what happens to the USDC I’d the US Dollar crashes and burns. ??

    • @justinscorcese1434
      @justinscorcese1434 3 года назад

      Have you guys seen USDQ? What do you think?

    • @tensevo
      @tensevo 3 года назад

      USDC will follow it off a cliff. What do you mean by crashes and burns though? Largest currency in the world, so, unlikely any time soon.

    • @dcdashe9547
      @dcdashe9547 3 года назад +1

      @@tensevo It seems as though there is a battle for the world reserve currency right now. I.e., the great reset. New laws for “Bail In’s” and more. Fiat currency has a history of failing. COVID and American politics is a sure sign that something is up. Maybe I’m wrong, but the advent of COVID was very convenient for a weakening dollar and an election. Who knows.... nevertheless, the universe is in constant flux; it may be best to consider the possibilities.

    • @michael_higuain
      @michael_higuain 3 года назад

      USD is going to zero. USDC the same. Not sure how people aren’t seeing this

    • @tensevo
      @tensevo 3 года назад +1

      @@michael_higuain cause ppl been saying this for decades.

  • @pepperlong1726
    @pepperlong1726 3 года назад +7

    Would you use USDcoin for taking profits from other crypto? For example, if I want to take profits from bitcoin, would I convert those profits to USDcoin?

    • @smileynoreally
      @smileynoreally 3 года назад

      I have the same question, can anyone answer please and thank you

    • @mallyndab
      @mallyndab 3 года назад +4

      Yes. Once you want to pull out real cash, convert your crypto into USDC and then you can transfer that into fiat and withdraw from bank account

    • @SL1TFACE
      @SL1TFACE 3 года назад +1

      @@mallyndab not even no point of stablecoins because if you make $.30 profit and then try to put it in a stablecoin like usdcoin, it would pointless because usdcoin has a fee, and that fee would take away your profit. And then the other stablecoins like dai fluctuate.

    • @BlueHundredsWifey
      @BlueHundredsWifey 3 года назад

      @@mallyndab how do you transfer to fiat? I can’t seem to find that option

    • @jonathanrayne
      @jonathanrayne 3 года назад

      @@BlueHundredsWifey Use Kraken

  • @guillermogaete1433
    @guillermogaete1433 4 года назад +1

    how can I stop the USDC redward in Coinbase ..

    • @KraneBond
      @KraneBond 3 года назад +1

      Im curious. im new to the whole crypto thing. but if your receiving rewards for holding, why would you want to remove that? is there a downside to it?

    • @schluelmeister3115
      @schluelmeister3115 3 года назад +1

      @@KraneBond taxes

  • @ScoringStageEu
    @ScoringStageEu 3 года назад

    wait. deflation of the US$ is also reflected in this USDC?

    • @golddie8
      @golddie8 3 года назад

      Yes. It's a stable coin and pegged to the fiat dollar.

  • @alexanderchenf1
    @alexanderchenf1 3 года назад +1

    I don’t understand USDC. It makes zero sense. You either go fully crypto aka decentralized and independent, or you go full Fiat - centralized and political. You make a cryptocurrency whose value depends on Fiat, then WTF? Why went through all the technical cost? Why not just use ACH transfer/wiring?

    • @granjuas
      @granjuas 3 года назад +1

      I guess it's made so you can quickly transfer winnings into an stable coin once crypto fluctuates down.

    • @frozeneternity93
      @frozeneternity93 3 года назад

      I am not American do considering using this for two reasons. 1 hedging my local fiat against dollar without actually buying USD. 2 I am going to stake it with blockfi for 8.5% interest. That is not a return comparable to some other crypto gains but with point 1 and that I have other crypto already it makes some sense to me to do this.

  • @weirdwormie5986
    @weirdwormie5986 3 года назад

    its a safe investment cuz its USD and dollar is peked with gold so yea its safe

  • @gaslink6785
    @gaslink6785 Год назад

    Used to trust it, was my go to pegged $ coin,,,,Not anymore....

  • @golddie8
    @golddie8 3 года назад

    Those federal and CB goons are veeery tricky 😏.

  • @natezahm
    @natezahm 3 года назад

    doesnt USDC carry counter party risk if Crypto tanks?

    • @JapaAppa
      @JapaAppa 3 года назад

      Why would crypto tank lol

  • @kingzionmusic
    @kingzionmusic 3 года назад

    15% interest paid monthly yearly apy on coin base usdc CB pays the most interest.

  • @aaronrumabolonjanggadolok2768
    @aaronrumabolonjanggadolok2768 3 года назад

    Thank u

  • @ShadowTwister28
    @ShadowTwister28 4 года назад

    How can you make gains from USDC if it will be based 1 to 1 with fiat? For example I have 30 dollars of USDC, would that mean it would only be 30 dollars forever?

    • @miyataz
      @miyataz 4 года назад +3

      Whtxviii coinbase will reward people who own USDC with a 1.25% return at the end of every month as long as they own it

    • @rwandadrives
      @rwandadrives 4 года назад +2

      Celsius Network pays more than 8% on it. You want a referral code?

    • @ShadowTwister28
      @ShadowTwister28 4 года назад

      @@rwandadrives yes please

    • @rwandadrives
      @rwandadrives 4 года назад

      @Block Chain How is that a scam?

    • @rwandadrives
      @rwandadrives 4 года назад +3

      @Block Chain We all have our specialties. Yours clearly is not mastery of your cerebral cortex.

  • @rajanvarma9557
    @rajanvarma9557 3 года назад

    I am based in UK, should I buy with GBP or BUSD?

  • @bookle5829
    @bookle5829 2 года назад

    So, choose your poison. USDC or USDT?
    Do you wanna save your crypto on a centralized coin but maintained by trusted people, or on a more commonly used coin but maintained by sketchy people?

  • @2rAluqdah2
    @2rAluqdah2 3 года назад

    Coinbase 15% apy great stablecoin

  • @albertferreira5691
    @albertferreira5691 4 года назад

    How do I recover my USD coin sent to a Erc 20 address but it was not received?

    • @tonya1498
      @tonya1498 4 года назад

      when you find out let me know how you did it.

    • @reggierodriguez2220
      @reggierodriguez2220 3 года назад +5

      Its gone if u send to the wrong address

    • @tensevo
      @tensevo 3 года назад

      check the details were all correct.

  • @multidimentionalpoopie9107
    @multidimentionalpoopie9107 2 года назад

    So much fuss about tether while usdc haven't even put out an audit. Definitely won't trust my money with them

  • @sapphosplace
    @sapphosplace 3 года назад

    How the he'll do you people lie so casually like this? If someone trades Doge for USDC then that USDC is NOT at all us dollar-backed, it's backed by Doge. If USDC's crypto assets fall in value, which we all know that they have, then USDC's value being 1 dollar is completely arbitrary and not fully backed by ANYTHING.

  • @FutureHomestead
    @FutureHomestead 4 года назад +1

    Do you think USD coin will be the government choice of coin or will they move to some other?

    • @SoulLevelJivan
      @SoulLevelJivan 4 года назад +1

      Good question

    • @jordanz434
      @jordanz434 4 года назад +5

      probably their own version that gives them maximum control and surveillance

    • @tensevo
      @tensevo 3 года назад

      No, USDC is a token that is pegged to USD. It is not USD.

    • @bahhaziz
      @bahhaziz 3 года назад

      @@tensevo But it could be the choice once cash vanishes

  • @sureshlalindha9193
    @sureshlalindha9193 Год назад

    👍

  • @ras2101
    @ras2101 4 года назад

    Do you know about the new USD-D token

  • @hexhodl
    @hexhodl Год назад

    USDC is getting rugged

  • @marekszafarczyk3719
    @marekszafarczyk3719 2 года назад

    love that lsd eyes :D

  • @baladuki2030
    @baladuki2030 2 года назад

    RIP UST

  • @Shichman
    @Shichman 2 года назад

    Guy!

  • @alexabadjon4091
    @alexabadjon4091 2 года назад

    Lol i would still have my money if i stayed invested in usdc

  • @footage6402
    @footage6402 4 года назад

    I don't understand this fully. So what backs up that this coin will always be stable and that it won't go down for when I convert my money back to USD? Anything?

    • @ayyooKenny
      @ayyooKenny 3 года назад

      So bitcoins USD or USDC?

  • @sundaylastnameblack
    @sundaylastnameblack 3 года назад +5

    Stop smacking qhen you talk, bro

    • @nuno.mp4
      @nuno.mp4 3 года назад +4

      I don’t think he should stop because you told him too

    • @ranjitchakravarty604
      @ranjitchakravarty604 3 года назад

      Its a brit thing , you won't understand. Just like yelling yeeehawwww is an American thing

    • @nuno.mp4
      @nuno.mp4 3 года назад

      @@ranjitchakravarty604 Thanks dad

  • @borelrobson1444
    @borelrobson1444 2 года назад

    Investing in Bitcoin trading is the best Investment that's more profitable

  • @timmytheimpaler1750
    @timmytheimpaler1750 4 года назад +7

    Seems like a usless coin...
    I have USD I can send USD to anyone with a bank...
    It's just as "centralized" and an unnecessary.
    If you fallow the laws it's one more transaction that is taxed

    • @Crypdography
      @Crypdography 4 года назад +5

      It can be useful if you want to trade on exchanges.
      For example not needing to cash out when you sell high but just trade your earnings into UDSC until you are ready to either cash out or buy back in.
      +you can get really good secure interest on stable coins with the MCO wallet

    • @cramsa
      @cramsa 4 года назад +1

      Mace Nine you can earn interest on it at about 3-8% depending on the platform.... compound finance offers 3% and Nexo offers 8%

    • @timmytheimpaler1750
      @timmytheimpaler1750 4 года назад

      I see thank you

    • @seahawks1185
      @seahawks1185 4 года назад

      Cryptocom has 12%

    • @eevd350z
      @eevd350z 4 года назад

      USDC is great if you want to stop trading keeping your profits and transferring to your offline hardware wallet. Then wait for the dips, transfer back to an exchange and repeat. Coinbase only insures up to 250k, so it’s best to be in a stable coin offline if you’re waiting for long periods of time.

  • @aslongasittakesforme3163
    @aslongasittakesforme3163 Год назад

    1

  • @WokeDetection
    @WokeDetection 3 года назад +1

    Thank you. This seems like a rubbish crypto. I see no purpose for this crypto or I don't understand the purpose.
    The usd was once backed by gold now it's backed by nothing. USDC is based off that centralised nothingness.

    • @heribertonavedo3277
      @heribertonavedo3277 3 года назад

      Should I trade it

    • @johndenver4351
      @johndenver4351 3 года назад

      @@heribertonavedo3277 You don't need to trade it but you're never gonna make money with it. I keep a good amount of USDC in my Exodus wallet as extra liquidity so I can exchange it for other cryptos if I see a dip I want to buy or something

    • @JonathanBuenoSilvestre
      @JonathanBuenoSilvestre 3 года назад

      Just saw a video saying that people from outside the US can use this crypto to protect our savings. I'm going to look at that.

    • @sicdedworm09
      @sicdedworm09 3 года назад

      @@johndenver4351 voyager offers you 8.5% a month in interest. That’s pretty huge and a reason to hold it. Better than any bank can do for you

    • @johndenver4351
      @johndenver4351 3 года назад

      @@sicdedworm09 8.5% a month? Source on that? That's insane and forget banks, that absolutely stomps portfolios of extremely savvy investors. I don't know anything about Voyager but I'm extremely skeptical because if I can just get 8.5% a month I don't need a job anymore

  • @Crypto-qz6mi
    @Crypto-qz6mi 3 года назад

    Any one ele reckon 18k

  • @junium4332
    @junium4332 3 года назад

    I have made huge profits on my investment since i started trading with Mauricia Grant, her investment strategy is a top notch.

    • @gomezfernando8084
      @gomezfernando8084 3 года назад

      Wow I'm just shocked you mentioned Mauricia Grant trading services, I thought people don't know her.... She’s really awesome!

    • @ferdinandleonand2550
      @ferdinandleonand2550 3 года назад

      wow, amazing to see others who trade with Mauricia Grant. i am currently on my 5th trade with her and my portfolio has increased tremendously

    • @jessicakurt2668
      @jessicakurt2668 3 года назад

      As a first time investor I started trading with Mauricia Grant with just a thousand bucks. my portfolio is worth much more than now within just weeks of trading with her.

    • @robertfrancois5647
      @robertfrancois5647 3 года назад

      WIth the consistent weekly profits I'm getting investing with Mauricia Grant there's no doubt she is the most reliable in the market. such a genius

    • @dougheckman3420
      @dougheckman3420 3 года назад

      this is not the first time i am hearing about Mauricia Grant and her trading exploits but I have no idea how I can reach her

  • @xx_var4621
    @xx_var4621 2 года назад

    i have 13058.484092 USDC how do i make it in so robuxs

  • @Yo-Hap
    @Yo-Hap Год назад

    How does one make money from This if it just dollar for dollar?

    • @Fredsterface
      @Fredsterface Год назад

      Coinbase offers APY, which gives you interest each month. Currently it's 4.60% APY