Cryptocurrency Q&A
Can you make money on USDC?
Can you make money on USDC?
Alessandro
Mon May 13 2024
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7 answers
1265
I'm curious about the profitability of investing in USDC. Could you please elaborate on the potential for generating income through this cryptocurrency? I've heard some mixed reviews, and I'm trying to understand if it's a viable option for my portfolio. Is it primarily a means of exchange or does it offer opportunities for capital growth? Could you also discuss any associated risks that I should be aware of? I'm interested in understanding both the upside and the downside of investing in USDC.
7 answers
HanjiArtistryCraftsmanshipMasterpiece
Tue May 14 2024
The yields offered through this platform can often be more attractive than those provided by exchanges.
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Stefano
Tue May 14 2024
USDC holders have the option to earn a yield on their holdings.
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CryptoLordGuard
Tue May 14 2024
This is due to the additional risks involved in custodial lending.
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GwanghwamunGuardianAngel
Tue May 14 2024
This is achieved by lending their coins through a lending service.
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PhoenixRising
Tue May 14 2024
A custodial lending platform acts as a bridge between lenders and borrowers.
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