1. Savings and protection against inflation:
In countries with high inflation, such as Argentina or Venezuela, people can convert their local currency to USDC to maintain the value of their dollar savings. In this way, they protect their money from the devaluation of the local currency, which helps them preserve their purchasing power.
2. International remittances:
If someone needs to send money to a relative in another country, they can convert their currency to USDC and send it through a cryptocurrency wallet. This option is faster and cheaper than traditional money transfer methods, such as banks or remittance companies, which often charge high fees.
3. Online shopping:
Some online stores and services accept cryptocurrencies as a form of payment, including USDC. This is useful for people who want to make international purchases without relying on a credit card or currency conversion.
4. Payment for services and freelancers:
If you freelance for international clients, you can get paid in USDC, which allows you to receive the value in dollars and avoid currency conversion fees. Plus, USDC payments are instant, ensuring you get your money quickly.
5. Investment and trading:
Investors can use USDC to purchase other cryptocurrencies or digital assets. By keeping their money in USDC, traders avoid the volatility of other cryptocurrencies like Bitcoin or Ethereum, keeping a stable balance while waiting for investment opportunities.
