Cryptocurrency Q&A
Will USDC always be $1?
Will USDC always be $1?
KpopHarmonySoul
Mon May 13 2024
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6
answers
1222
I've been hearing a lot about USDC, the stablecoin pegged to the US dollar. But I'm still a bit confused. Could you please explain to me, will USDC always be worth exactly $1? I understand it's designed to maintain a one-to-one ratio with the US dollar, but I'm wondering if there are any factors that might affect its value? What happens if there's a market crash or a major economic event? Could USDC's value deviate from $1? I'm trying to understand the risks involved in holding USDC and whether it's a reliable store of value. Could you clarify these points for me? Thank you in advance for your help.
6 answers
Nicola
Wed May 15 2024
The value of USDC is intended to remain pegged to the US dollar.
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alexander_smith_musician
Tue May 14 2024
BTCC is a cryptocurrency exchange based in the UK, offering a range of services.
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SilenceSolitude
Tue May 14 2024
This means that in theory, one USDC should always be worth one US dollar.
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CryptoWizard
Tue May 14 2024
However, maintaining this peg requires efforts from the issuer, Circle.
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Giovanni
Tue May 14 2024
Circle employs various mechanisms to keep the price of USDC close to $1.
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