USDC - The $100 Billion Crypto Investment Opportunity You've Probably Never Heard Of
2023-10-13 06:30:00 ET
When most investors think of investing in crypto, they probably think of popular cryptocurrencies such as Bitcoin or Ethereum . And for good reason -- these two cryptos account for a whopping 70% of the entire market capitalization of the crypto market.
But there's one overlooked area of the crypto industry that has started to gain momentum recently, and that's stablecoins. The two biggest stablecoins -- Tether and USD Coin (CRYPTO: USDC) -- together have a combined market value of more than $100 billion, or about 10% of the entire market cap of the crypto industry. For that reason alone, stablecoins need to be on your radar. But there's also a potential hidden growth opportunity that makes them even more intriguing.
Stablecoins are cryptocurrencies, and you invest in them the same way that you invest in Bitcoin or Ethereum. What makes them unique is that their value rarely changes because they are typically pegged 1-to-1 to the U.S. dollar and are fully backed by dollar deposits or cash equivalents. Thus, they are almost always priced exactly at $1. (In a worst-case scenario, though, stablecoins can lose their peg , which happened in a number of dramatic cases during the crypto collapse of 2022.)
For further details see:
The $100 Billion Crypto Investment Opportunity You've Probably Never Heard Of