Hello everyone! Today I’m talking about why I sold all of my USDC.
USDC is a stablecoin, meaning it holds its value relatively stable against the US dollar. It’s an important asset for traders and investors who want to keep their funds secure, and it’s also used for cross-border payments.
However, I decided to sell all of my USDC because I believe that there are more attractive opportunities elsewhere. Stablecoins are relatively new and untested, and the market is still getting used to them. As a result, I don’t think they offer enough potential upside to justify investing in them at this point.
In addition, I’m concerned about the fact that USDC is tied to the US Dollar, which is facing its own set of challenges right now. The US economy is facing a lot of uncertainty due to the coronavirus pandemic, and this could have a negative impact on the US Dollar.
So, while USDC may be a useful tool for some traders and investors, I believe that there are more attractive opportunities elsewhere. That’s why I decided to sell all of my USDC. Thanks for watching!
