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Which stablecoins does Wind use and why?
Which stablecoins does Wind use and why?
Updated over a week ago

Wind uses USDC, a US-backed stablecoin whose value is pegged in dollars.

USDC stands for USD Coin and it is a type of token that is pegged to the US dollar. This means that the value of USDC is always meant to be the same as one US dollar. USDC is what is known as a stablecoin, as it is designed to be less volatile than other tokens like Bitcoin or Ethereum.

USDC was created by Circle and Coinbase, two well-known companies in the blockchain industry. USDC can be used for a variety of purposes, including trading, making payments, and sending money across borders.

USDC is backed by a reserve of US dollars held in bank accounts, which are regularly audited to ensure transparency and that the reserve matches the supply of USDC in circulation. This is meant to provide users with confidence that USDC is truly pegged to the US dollar and that they can exchange their USDC for US dollars at any time.

Wind users are also able to convert their USDC to other preferable stablecoins such as USDT, DAI, or other stablecoins.

Learn more about swapping from this article.

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