About USD Coin
USDC is an Ethereum based token, backed 1:1 with the US dollar - hence its classification as a stablecoin. It is a product of the Centre consortium, which is itself a collaboration between Coinbase and Circle, a crypto finance company which uses USDC in all its transactions.
Circle is an official Money Transmitter, which makes the company's financials transparent as per US federal laws. Circle-accredited partners hold USDC equivalent to USD before any USDC is released, which makes all USDC tokens regulated, transparent and verifiable.
The major use case for stablecoins such as USDC is facilitating transfers between different platforms, at a more economical rate and incredibly faster speed, without the fear of market volatility and
Apart from Ethereum, USDC is also available on most major network chains. It is amongst the most popular stablecoins, with a market cap of over $52 billion at the time of writing.
Why invest your USD Coin (USDC) to Earn Crypto on Flint?
Flint offers you the most low-risk-high-yield platform to earn interest on your USDC. Secure yourself against market volatility by earning an attractive interest while hodling your USDC. Furthermore, you get:
1. Earn 0% APY (interest) on your USDC deposit. No more depositing money with banks for almost 0% effective interest.
2. Start earning instantly, and earn every second. Tired of waiting months and years for your investments to “mature”? With Flint, your earnings are growing in real time, and deposited to your balance daily.
3. No restrictions. Ever. Your crypto, your decisions. Withdraw anytime without any restrictions or penalty.
4. Safety as priority. Flint thoroughly assesses each institution it partners with before lending out your crypto to generate yields, often with over-collateralization. The wisdom of which showed itself when in the last few months of some other major crypto platforms were revealed to have high risk exposures, Flint sailed smoothly with not a single user impacted negatively.
5. Boost your interest Flint offers multiple opportunities to increase your earning rates as rewards for referrals, contests etc.