What is USD Coin (USDC), fiat-backed stablecoin, explained by Cointelegraph

Despite the fact that it is subject to regulatory oversight, investors need to weigh the pros and cons of investing in stablecoins before investing any funds.

Comparing USDC to USDT, USDC is regulated as it is audited from time to time and Circle is completely transparent about its operations. However, investing in the cryptocurrency market, even stablecoins, comes with its own downsides. For example, the price of the USD coin will never increase since it is pegged to the US dollar.

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