Why we use USDC?

Safe Haven Asset During periods of high volatility in the cryptocurrency market, many people convert their more volatile assets like Bitcoin or Ethereum into USDC to avoid risk. USDC’s stable value makes it a safe way to preserve assets, especially during market turmoil.
Cross-border Payments and Remittances Traditional cross-border payments often incur high fees and are slow. Using USDC for payments significantly reduces costs and speeds up the process. Users can send money globally via blockchain networks without involving banks or payment service providers.
DeFi Investments On decentralized finance (DeFi) platforms, users can deposit USDC to earn interest or use it as collateral to borrow other assets. Due to its stability, USDC is widely used in DeFi applications, offering relatively low-risk opportunities.
Fast and Low-Cost Transactions Since USDC operates on blockchain networks, transactions can be completed quickly without relying on banks. Transaction fees are typically much lower than traditional bank transfers or credit card payments.
Compliance and Transparency For companies and individuals needing to comply with legal and financial regulations, USDC is an ideal choice. Its compliance and transparency make it more suitable for businesses and financial institutions, reducing legal and financial risks compared to unregulated cryptocurrencies.

Last updated 6 months ago

Safe Haven Asset During periods of high volatility in the cryptocurrency market, many people convert their more volatile assets like Bitcoin or Ethereum into USDC to avoid risk. USDC’s stable value makes it a safe way to preserve assets, especially during market turmoil.
Cross-border Payments and Remittances Traditional cross-border payments often incur high fees and are slow. Using USDC for payments significantly reduces costs and speeds up the process. Users can send money globally via blockchain networks without involving banks or payment service providers.
DeFi Investments On decentralized finance (DeFi) platforms, users can deposit USDC to earn interest or use it as collateral to borrow other assets. Due to its stability, USDC is widely used in DeFi applications, offering relatively low-risk opportunities.
Fast and Low-Cost Transactions Since USDC operates on blockchain networks, transactions can be completed quickly without relying on banks. Transaction fees are typically much lower than traditional bank transfers or credit card payments.
Compliance and Transparency For companies and individuals needing to comply with legal and financial regulations, USDC is an ideal choice. Its compliance and transparency make it more suitable for businesses and financial institutions, reducing legal and financial risks compared to unregulated cryptocurrencies.

Last updated 6 months ago