USD Coin is one of the newest cryptocurrencies out there. It was first launched in October 2018. It is a stablecoin – a fiat-collateralized one, and it is US dollar-backed. This crypto looks a lot like Tether and TrueUSD. It’s quite similar to their work ethic and their policy.
Who is behind this crypto?
This crypto is a Coinbase project. They also partnered with Circle. Some of the investors were Bitmain, Pantera, Digital Currency Group. USD Coin is the only stablecoin that is traded on Coinbase.
A non-minable cryptocurrency
You rarely hear about cryptocurrencies that are non-minable. The most popular ones like Bitcoin are minable meaning that you can earn crypto without having to pay for it. You have to solve a complex mathematical puzzle in order to be rewarded with coins. This is a method that everyone using crypto is well-aware of. It has a lot of pros and a lot of cons. The mined ones are said to be more secure.
What does non-minable crypto mean?
So if you can’t ‘’‘mine’’ coins with the power of your computer – how can you earn them and use them?
The non-minable coins can’t be created and are already circulating. It’s like they are already ‘’‘mined’’ and users can only get a hold of them by buying them. Once they have them in their possession it’s best for them to leave the coins in their wallets. This will ensure interest and the more coins they have stacked in their wallets – the higher the interest rate they will earn. You probably already know where we are going? By earning higher interest in your coins as time passes by and their value rises you can sell them for your personal gain.
Are you using a non-minable cryptocurrency?
Great. It seems like they will slowly become the future of cryptocurrencies. But even if you are using a minable one – it doesn’t matter. You now can pay Monster Cleaning using all sorts of cryptocurrencies – anything from Bitcoin, Litecoin, Ethereum, to USD Coin.
If you don’t know who we are and you are just now coming across our services – nice to meet you. We are experts in cleaning and can offer a wide range of different cleaning services for you to enjoy.
Any client of ours that has decided to book our services between the 29th of August to the 5th of September and want to pay using USD Coin will receive a 10% discount off of the price for the service.