🏁 Which "DIGITAL DOLLAR $" is better? 🍨💸
Imagine you have three different piggy banks to save your money. They all value 1 dollar, but function differently:
1. USDT (The Popular 🌍)
It's like the currency accepted in all stores around the world. It's the oldest and most well-known.
The good: You can buy any other crypto with it instantly.
The bad: Sometimes people are a bit distrustful of who holds the real money behind it.
2. USDC (The Secure 🏦)
It's like the piggy bank that is monitored by the police. It's very serious and follows all the rules.
The good: It's very difficult to fail. Big banks love it.
The bad: Because it's so secure, it hardly gives you rewards or interest.
3. USD1 (The New with Gifts 🎁)
It's the currency Binance wants everyone to use now.
The good: It gives you tons of rewards! It's the one that offers that 20% profit.
The bad: It only works well within Binance; outside, hardly anyone knows it yet.
⚡ Why do they give you the 20% and how long will it last?
Imagine a new store opens in your neighborhood and gives away ice cream to get people inside. That's what Binance does with the 20% in USD1.
How long? It won't last forever. It's a limited-time offer. It usually lasts a couple of months or until a lot of people switch to that currency.
And sometimes the 20% is only for a small amount (like your first $500 or so). If you put in more money, the rest earns less.
💡 My crypto tip:
Take advantage of the "free ice cream" while it lasts. If you like passive income, have a reserve for the crazy market or strategy, or simply like to save. Put your Reserve in USD1 to earn that 20% right now. If tomorrow you see the reward drops a lot, you just switch it back to USDT or USDC
#newyear #USDC #USDT #USD1