USD coin is another example of why stable coins aren't going work. They fluctuate way too much to ever be a good transitional currency. How can you trust your funds in a coin that moves 2-4% in a day? You can't. This isn't how fiat currencies operate and this is a huge hurdle for the adoption of cryptocurrencies. We may have to wait for a new type of stablecoin. The only viable stable coin that I can think of is DAI.
USDC is a awesome coin because you can trade to it on Binance and send it directly to Coinbase. What other function does it have than streamlining the process of cashing out or in?
Interesting, sounds a lot like tether. Maybe it will catch on and will be available in exchanges as an alternative. Right now, I don't like to rely solely on USDT for my needs of keeping some cash on exchanges.
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