Cryptocurrency Q&A Is it safe to keep money in USDC?

Is it safe to keep money in USDC?

Lorenzo Lorenzo Mon May 13 2024 | 5 answers 1232
I've been hearing a lot about USDC recently, and I'm considering putting some of my savings into it. But before I do, I want to make sure it's a safe bet. So, here's my question: Is it really safe to keep money in USDC? I know it's a stablecoin pegged to the US dollar, but that doesn't automatically guarantee safety, does it? There have been so many cases of crypto hacks and scams in the past. How do I know that my money will be secure if I invest in USDC? Could you please explain the risks involved and how they can be mitigated? I'd really appreciate your insights on this matter. Is it safe to keep money in USDC?

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