Cryptocurrency Q&A
Is USDC considered cash?
Is USDC considered cash?
Silvia
Mon May 13 2024
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7
answers
1527
Could you please clarify for me whether USDC is considered cash? I've been hearing different opinions about this, and I'm rather confused. I understand that USDC is a stablecoin, pegged to the value of the US dollar, but does that automatically qualify it as cash? Is it treated similarly to fiat currencies in terms of its legal status and usability? Or does it retain some of the characteristics of cryptocurrencies, such as decentralization and anonymity? I'd really appreciate it if you could shed some light on this matter for me.
7 answers
CryptoAlchemyMaster
Wed May 15 2024
Cryptocurrencies often experience price fluctuations.
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Carlo
Tue May 14 2024
USDC, however, stands out from the norm.
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HallyuHeroLegendaryStarShine
Tue May 14 2024
Among these are spot trading, futures contracts, and wallet storage.
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Davide
Tue May 14 2024
This digital currency aims to maintain a stable price.
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Valentina
Tue May 14 2024
BTCC's comprehensive offerings cater to a wide range of crypto enthusiasts.
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