With a market cap of over $43 billion, USDC is the fifth-largest cryptocurrency in the world and saw significant gains in 2022 as an attractive stablecoin in the wake of the Terra/Luna collapse and the brief depegging of USDT (Tether) to the US Dollar.
For USDC, you can earn up to 12% with Haru Invest. Better news, our members can swap to/from BTC, ETH, XRP, and USDT with USDC on Haru Switch.
Learn more about our Earn Products and start earning: https://haruinvest.com/products/haru-earn
A fully reserved stablecoin, every digital dollar of USDC is 100% backed by cash and short-dated U.S. treasuries so it is always redeemable 1:1 for U.S. dollars. USDC reserves are held in the custody and management of leading U.S. financial institutions, and each month one of America’s largest audit, tax and advisory firms provides third-party assurance as to the size of the USDC reserve.
“At Haru Invest, delivering strong returns for our customers is a core mission of ours so we are very deliberate about which tokens we support,” said Hugo Lee, CEO of Haru Invest. “Adding USDC was a strategic decision we have considered for some time and it was important to ensure we could deliver on our expected earn rates before offering it across our products. The addition of USDC adds to our platform a reliable and in-demand stablecoin that we believe can drive profits for our investors.”
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