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 | 75.2% | 52 | $56 258.13 | -1.35% | -3.39% | $1 062 685 871 647 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.8% | 32 | $4 489.75 | -2.02% | 0.62% | $532 409 655 839 |  |
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| 3 |  BNB |
Binance Coin predictions | 80% | 34 | $611.27 | -1.84% | -6.27% | $101 960 292 775 |  |
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| 4 |  USDT |
Tether predictions | 93.2% | 1 | $1.000332 | -0.08% | -0.03% | $74 127 743 219 |  |
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| 5 |  SOL |
Solana predictions | 70% | 59 | $228.23 | 0.71% | 10.70% | $69 756 769 207 |  |
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| 6 |  ADA |
Cardano predictions | 63.6% | 75 | $1.67 | 7.55% | 1.04% | $55 541 807 746 |  |
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| 7 |  XRP |
XRP predictions | 68% | 69 | $0.966682 | -1.39% | -6.74% | $45 673 121 634 |  |
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| 8 |  USDC |
USD Coin predictions | 95.6% | 2 | $1.000586 | 0.01% | 0.05% | $39 076 707 256 |  |
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| 9 |  DOT |
Polkadot predictions | 62% | 77 | $35.31 | -2.83% | -9.08% | $34 868 955 794 |  |
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| 10 |  DOGE |
Dogecoin predictions | 59.2% | 80 | $0.206922 | -0.17% | -5.39% | $27 388 014 340 |  |
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| 11 |  LUNA |
Terra predictions | 69.6% | 68 | $66.14 | 3.27% | 50.17% | $25 662 261 357 |  |
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| 12 |  AVAX |
Avalanche predictions | 61.2% | 75 | $106.91 | -9.78% | -8.11% | $23 943 836 667 |  |
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| 13 |  SHIB |
SHIBA INU predictions | 65.6% | 78 | $0.000042 | -2.73% | 1.55% | $22 792 818 490 |  |
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| 14 |  CRO |
Crypto.com Chain predictions | 56% | 89 | $0.692197 | -3.51% | -8.23% | $17 486 981 094 |  |
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| 15 |  MATIC |
Polygon predictions | 68.4% | 63 | $2.09 | -0.73% | 11.57% | $14 682 483 901 |  |
