Bitcoin jumped 5% on Monday amid news from payment giant Visa. The first cryptocurrency tested 9-day highs of about $ 58,500. Over the past 4 days, BTC has added about 6 thousand dollars (almost 12%). The American payment system Visa became the first of the largest payment systems to approve the settlement of transactions in USD Coin cryptocurrency on the Ethereum blockchain. To this end, Visa will launch a pilot program in collaboration with Crypto.com. During the year, the company intends to expand the list of partners after consultation with clients, investors and regulators. Crypto.com co-founder and CEO Chris Marsalek said his company will provide “millions of consumers around the world with access to digital currencies,” and Visa's broad reach will help maximize the benefits of digital currencies. Anchorage cryptobank will become Visa's settlement agent when working with USDC. Support for cryptocurrencies as a new type of settlement currency marks an important step in Visa's strategy to expand all forms of money movement both within the Visa network and beyond, Visa said in a press release. The company also notes efforts to make cryptocurrencies safer, more useful, and more applicable for payments. USD Coin (USDC) is a USD-backed stablecoin co-created by Circle and Coinbase as part of the Center consortium.
I don’t know about everyone else in here, but Tether scares me. I have no idea how anyone using USDT sleeps well at night knowing that their stablecoin of choice is literally under subpoena by the New York Attorney General. That’s such a huge blow to the crypto community, but we’re the one’s to blame since we’ve put up with USDT’s nonesense for so long. It’s time to make the switch and move on from these shady practices. I for one only use USDC when transitioning from Fiat to Crypto - or vice versa. There’s no point in risking my money with anything else, and USDC is verified to have assets backing it. Until USDT cleans up its act, the best coin to use is USDC.
Now that’s what I’m talking about. A stable coin that’s actually staying put at 1.00. Just a buck! Finally, a coin that isn’t fluctuating like Tether has done so many times in the past. Not too long ago, USDT went all the way below .80 cents. That was a disaster for the entire Stable Coin movement, and it’s refreshing to see USDC holding steady. These coins are our best bet for a crypto-fiat option because we can’t easily convert crypto to useable money. By having these options, we can park and move our crypto into dollar backed coins to then move off the exchange and into our bank accounts. This is the adoption that needs to be celebrated.
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.
* Crypto Rating accepts no liability for content of the USD Coin reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 87.6% | 23 | $19 477.75 | 4.45% | 1.63% | $373 264 823 304 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 66.8% | 71 | $1 335.97 | 4.93% | 3.54% | $163 755 405 431 |  |
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| 3 |  USDT |
Tether predictions | 92.8% | 1 | $1.000060 | 0.01% | 0% | $67 960 262 498 |  |
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| 4 |  USDC |
USD Coin predictions | 96% | 1 | $1.000123 | 0.01% | 0.01% | $48 707 702 464 |  |
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| 5 |  BNB |
Binance Coin predictions | 86% | 15 | $280.78 | 4.22% | 4.60% | $45 299 859 595 |  |
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| 6 |  XRP |
XRP predictions | 59.6% | 83 | $0.440273 | 4.36% | 3.80% | $21 969 915 706 |  |
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| 7 |  BUSD |
Binance USD predictions | 90.8% | 1 | $1.000647 | 0.05% | -0.01% | $21 055 852 896 |  |
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| 8 |  ADA |
Cardano predictions | 80% | 35 | $0.437309 | 2.31% | -3.28% | $14 973 500 079 |  |
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| 9 |  SOL |
Solana predictions | 81.2% | 31 | $33.70 | 5.17% | 4.85% | $11 957 820 597 |  |
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| 10 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  DOGE |
Dogecoin predictions | 88.4% | 16 | $0.060417 | 1.68% | 2.72% | $8 015 516 955 |  |
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| 12 |  DOT |
Polkadot predictions | 70.8% | 55 | $6.44 | 2.66% | 0.22% | $7 223 798 979 |  |
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| 13 |  DAI |
Dai predictions | 94% | 1 | $0.999736 | 0.02% | -0.07% | $6 861 849 280 |  |
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| 14 |  MATIC |
Polygon predictions | 69.6% | 62 | $0.745555 | 3.08% | -0.82% | $6 511 915 521 |  |
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| 15 |  WTRX |
Wrapped TRON predictions | 94.4% | 5 | $0.060062 | 1.88% | 0.71% | $6 106 889 160 |  |
