USD Coin (USDC) is a stablecoin pegged 1:1 to the US dollar. A dollar or a short treasury bond backs each USDC unit. It is often called the 'digital dollar.'

Circle, a blockchain-focused financial service company, created USDC in 2018. USDC is known for its stability and has several advantages, including enabling cross-border payments and remittance, protection against inflation, and interacting with cryptocurrency projects like dApps.

USDC Price

The price of USDC is like every other stablecoin on ReHold and is stable and not subject to unprecedented moves or extreme volatility. USDC price movement, however, is subject to demand and supply, but since it's backed with a stable fiat asset like the dollar, it has been able to maintain its pegged value. Meaning the price of USDC closely tracks that of the US dollar.

How to Earn Passive Income on USDC

There are different options for USD Coin (USDC) HODLers to earn passively, but one of the most guaranteed ways is through ReHold’s investment product: Dual Investment. With Dual Investments, you can earn a high APR through the ReHold protocol. USDC Duals have up to 120% APR, making them an attractive option for passive income earners. ReHold makes it easy by offering price charts for every coin, including USDC.

USD Coin (USDC) Price Prediction

Predicting the future price for USDC is a difficult one. This is largely due to the fact that USDC is a stablecoin and barely experiences any significant volatility or movements in price. Although certain factors can potentially influence a substantial change in the price of USDC, the most common is de-pegging, where the peg for USDC (in this case, USD) significantly exceeds the pegged value.

USDC Value

Like many other cryptocurrencies and stablecoins, the value of USDC is determined by the demand and supply for the asset. A great influence on the value of USDC is determined by shock in the cryptocurrency market and by unexpected volatility in the value of leading cryptocurrencies, Bitcoin and Ethereum. To be more convinced, you can study historical data on USDC prices and other available details, like the USDC reserve address.

The value of USDC comes from its multiple use cases, including protection against inflation, cross-border transactions, and integration with various cryptocurrencies and DeFi platforms.

120% APR on USDC Duals

USDC Duals offers a unique earning solution that provides up to 120% APR on pairs such as UNI/USDC, MANA/USDC, and LINK/USDC. This provides an opportunity for USDC holders to earn passive income while also supporting the growth and adoption of DeFi applications that use USDC. With the increasing adoption of DeFi and the widespread use of USDC, the potential for USDC tokens to become major players in the DeFi space is high.

120% APR On USDC DUALs

ReHold opens you to the opportunity of earning for USDC to earn more through a unique DeFi earning solution called the USDC Duals. This solution allows you to earn up to 120% on your USDC efficiently. In addition, you should be assured about your safety—funds and data—as we’ve installed a system that guarantees that. To start earning passively on your USDC, they’re six steps that need to be followed:

Connect Wallet Once you’ve launched the ReHold app, connecting your wallet through the presented dashboard is the first step. Select any web3 wallet of choice that supports BNB Chain, Polygon, Avalanche, Optimism, and Arbitrum.
Choose the USD Coin (USDC) Dual Assets Select the dual that you need: UNI/USDC, MANA/USDC, LINK/USDC, AAVE/USDC, SHIB/USDC, ETH/USDC, WETH/USDC, WBTC/USDC, etc. You can start a dual investment with each token pair.
Choose a staking period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive.
Choose the start token Select the start token and the amount you want to invest. You can use the USD Coin (USDC) token of the dual asset.
Approve the token To start a dual investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token.
Start your Dual Click “Start Now” to create your USD Coin (USDC) dual and receive your reward after the staking period. That's all! Your Dual is created, and at the end of the staking period, you can take your assets back to your wallet or open a new Dual. Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically start when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.