A $220 billion market. The backbone of all crypto. Here's how stablecoins work and how to use them safely.
A crypto pegged 1:1 to the US dollar. For every 1 USDC, Circle holds $1 in reserves. While Bitcoin swings wildly, 1 USDC always equals $1. Stability in crypto form.
USDC: more transparent, US-regulated, monthly attestations — safer. USDT: bigger, more liquid, dominant in Asia. Many investors hold both. Avoid algorithmic stablecoins entirely.
Deposit USDC to Aave (7.8%), Kamino (7.2%), or Venus (9.8%). Far more than a bank FD. In India, this yield is taxed at slab rate — often lower than the 30% trade tax.
USDC dropped to $0.87 during the SVB crisis (2023) before recovering. TerraUSD collapsed to zero (2022). Stick to fiat-backed stablecoins. Spread across audited protocols.
Read More →