Cryptocurrency Q&A Does USD Coin earn interest?

Does USD Coin earn interest?

KDramaCharm KDramaCharm Mon May 20 2024 | 7 answers 1842
Could you please clarify something for me? I've been hearing a lot about USD Coin and its role in the cryptocurrency world, but there's one aspect that's still a bit fuzzy to me. Does holding USD Coin actually earn any interest? I understand it's a stablecoin pegged to the US dollar, but does that mean it's like a traditional savings account where you can earn some sort of return? Or is it more like a digital currency that simply maintains its value without offering any additional benefits? I'd really appreciate it if you could shed some light on this for me. Does USD Coin earn interest?

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