🎓STABLECOINS 101🎓 We believe stablecoins like #USDC can be the foundation for innovation in a new era of financial services. But what are stablecoins? Why do they matter? Let's dive in...🤿🧵👇
🪙What are stablecoins? Stablecoins are digital currencies designed to reduce volatility by being pegged to “stable” reserve assets like gold or the US dollar. As a result, stablecoins have become some of the most popular ways to store and trade value in the crypto ecosystem.
🧐Why are they important? Stablecoins are free from the volatility of non-pegged cryptocurrencies while inheriting some of their most powerful properties: ☑️Open, global accessibility ☑️Fast/Cheap/Secure to transmit ☑️Digitally native & programmable
😍What are the benefits? Stablecoins bridge the traditional financial system and the cryptoeconomy, allowing fiat currencies to exist in a form that helps you: 😌Minimize volatility 💸Trade or save assets 🙌Earn interest 🤝Transfer money cheaply 🗺️Send internationally
We believe crypto will help create an open financial system that is both more efficient and more equitable, and that #USDC will be a key component of this new paradigm. Learn more here: blog.coinbase.com/usdc-the-digit…
@coinbase It would be great if staking rewards were actually good then i would buy some usdc
@coinbase I was expecting to see anything but usdc at the end, god what a shame
@coinbase Will transfer be 1 to 1 or will you take 2 cents and claim it was exchange rate like on all other transactions?
@coinbase There is also big demand for foreign currency backed stable coins. Even better to get them at FX rates. @DFXFinance is the place to be for that.