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SameUSD vs USD Coin (USDC)

Samecoin.com. Delve into the features, comparative analysis, and functions of two stablecoins and decide which is the winner.<br><br>An ecosystem. A real one. Join Samecoin.com.

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SameUSD vs USD Coin (USDC)

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  1. SameUSD vs. USD Coin samecoin.com

  2. Recently, there has been a rapid rise in crypto investments. Lots of progress has been made with Bitcoin, reaching an ATH of $64,805. Stablecoins have solved the problem of price volatility. The price of a stablecoin is determined or equals the value of the underlying asset to ensure relative stability. Comparative features of SameUSD vs USDCoin Name Shortname Starting value Blockchain Maximum supply SameUSD SUSD $1 ETH, BSC According to size of reserve USD Coin USDC $1 ETH, Stellar and Algorand According to size of reserve samecoin.com

  3. What is USDC? In October 2018, the Centre Consortium, in collaboration with Cryptocurrency exchange Coinbase and Circle Internet Financial, launched the USD Coin (USDC). Since its launch in 2018, it has gathered enough momentum and has become one of the largest stablecoins. This momentum doesn’t seem to slow down soon. samecoin.com

  4. What is SameUSD? SameUSD is the first in the family of stablecoins, which will be a part of the Samecoin Ecosystem. SameUSD works by giving its users the advantage of crypto and fiat in one digital currency. SameUSD is backed by a basket of eight stablecoin. Through this stable mechanism, users are protected against risks and price volatility that an individual stablecoin might undergo. samecoin.com

  5. SameUSD vs. USD Coin The Mechanism for Stability Wallet Structur Trust and Transparency 1. 2. 3. USD Coin is pegged at 1:1 to actual dollars (USD), It is held in reserve bank accounts. SameUSD operates by being pegged to a bundle of stablecoins, making it very stable and resistant to price volatility. SameUSD uses SamePay to facilitate the sending, buying, receiving, exchanging, and management of crypto. USD coins can only be transacted on wallets that support Ethereum blockchain; an example is Coinbase. SameUSD is secured by the SameID. This means every transaction gets an added security layer. Otherwise, if the government seizes to permit, then it’s a game over. samecoin.com

  6. Conclusion From the analysis above, SameUSD brings a significant improvement to the crypto market. The major advantage of SameUSD over the USD coin is the ability to withstand price volatility. As the crypto market develops, there are bound to be improvements, and SameUSD is an outstanding improvement that should be embraced. samecoin.com

  7. Join An Ecosystem. A Real One. samecoin.com facebook.com/SamecoinCom twitter.com/SamecoinCom t.me/Samecoin samecoin.com

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