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Cryptocurrency Q&A Why is it so expensive to send USDC?

Why is it so expensive to send USDC?

noah_smith_researcher noah_smith_researcher Tue Oct 08 2024 | 7 answers 936
Could you elaborate on why the cost of sending USDC, a stablecoin pegged to the US dollar, is so high? Is it due to the underlying blockchain technology used, such as Ethereum's gas fees? Or are there other factors at play, like network congestion or the complexity of the transaction? Understanding the reasons behind the high cost of sending USDC could help users make more informed decisions when choosing a cryptocurrency for their transactions. Why is it so expensive to send USDC?
usdc expensive send

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