BounceBit has announced today that $USDC stablecoin is now available on BounceBit to support and enhance its ecosystem. Bridged $USDC is issued by two well-known companies in cryptocurrency, Circle and Coinbase. This availability of Bridged USDC on BounceBit will ultimately open many opportunities which will be accessible to all new enthusiasts.
Moreover, with the accessibility of Bridged USDC on BounceBit, $50b+stablecoin gets access to delta-neutral basis trading opportunities secured by CEFFU’s off-exchange settlement solutions. BounceBit has shared this news with the crypto community through its official social media platform, X.
$USDC Stability and Accessibility Drive Investor Trust
$USDC is considered a stablecoin as it maintains a stable value relative to a fiat currency. It simply means that $USDC reduces price volatility and also diminishes the risk of price fluctuations. As a result, the reliability factor of USDC increases in the eyes of investors.
As $USDC is issued by Circle and Coinbase, it is expected that they will ensure transparency and trust in stablecoin. In this regard, these companies audit and report on $USDC reserve regularly in order to bring transparency.
The access to $USDC is quite easy as compared to other stablecoins. The matter of access to stablecoin is a matter of great importance in the field of cryptocurrency. Investors invest only when they get easy access to stablecoin. As a result, the demand of stablecoin increases because investors first consider their comfort in buying a stablecoin. Moreover, stablecoin is supported by many cryptocurrency exchanges and platforms which ultimately increase the accessibility of a stablecoin.
$USDC, First Choice of Crypto Institutions
$USDC brings liquidity to cryptocurrency because it is widely used all around the world. This very quality of $USDC makes it the first choice for institutions. USDC’s integration with the global banking system, same-day settlements, increased liquidity, reduced volatility, and improved accessibility make $USDC the very first choice for investors.
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