USD Coin (#USDC ) — a centralized cryptocurrency, the value of which is fixed relative to the US dollar (stablecoin). USDC is managed by a consortium founded by Circle. The consortium includes members from the cryptocurrency service Coinbase and the mining company Bitmain, investors in Circle. USDC is a form of private money and is not a central bank digital currency. According to Circle, each 'coin' of USDC is backed by a dollar held in reserve at Silicon Valley Bank, or other 'approved investments.' In June 2021, the wording on Circle's website changed from 'backed by US dollars' to 'backed by fully reserved assets.'
The conversion of US dollars to USDC occurs in three stages:
The user sends US dollars to the issuer's bank account.
The issuer uses a smart contract to create an equivalent amount of USDC.
USDC is sent to the user, and the received US dollars are held in reserve.
Dear friends, (about #bob and #jagger ) What do you think? Is it worth investing further in these positions? And when will they be traded on spot trading? #BinanceAlpha #memecoin🚀🚀🚀
🇧🇷 Brazil has approved the first reading of a bill to include BTC in state reserves — the country could become the first in the G20 to add BTC to its international reserves (up to 5% of $370 billion).
The main trend of buying Bitcoin as a strategic reserve of the COUNTRY is just gaining momentum. This is just the beginning! They haven't even really started buying Bitcoin yet. The entire current growth of Bitcoin is caused not by the fact that they want to buy BTC— but by the speed with which the traditional financial system is collapsing.
Bitcoin is standing still in comparison to regular fiat money. The currencies that are dying, but not Bitcoin that is growing.
If Bitcoin starts to grow, then the growth will be such that everyone will want to buy at least 1 Bitcoin. This will be a supply shock and multiple growth of quotes - we are slowly moving towards this, we still have another year or two before this happens.
Considering all this, the world is FULL of people who don't even know what cryptocurrency is. Don't be one of them — be in our community #BTC #CryptoTrends2024 #Binance #news $BTC
#BTC closed another daily candle with a rejection wick and gave a bearish engulfing too. In H4 TF, its just consolidating back and forth off the zone. Nothing much clear as of now, price just respected the trendline and we need to wait for the further price action to develop. $BTC #CryptoStocks #Binance #BTC #news
Dear Friends! Do you think these coins #pepe #shiba #bob will still give the opportunity to increase capital, or should I wait with the purchase? $PEPE $SHIB $bob #crypto #PowellRemarks #binance
Dear friends #Bob I think this coin has great prospects and will give the opportunity to increase profits because every day the community is seen and with the support of binance the project will be on spot trading in time! Buy the coin while the entry price is interesting! All the best! I think it will be worthy of competition to meme coins #pepe #shiba #bob #CryptoStocks #whrite2earn $PEPE $SHIB $bob