USDT and USDC are both cryptocurrency stable coins issued by centralized institutions with a pegged 1:1 value to the US dollar, providing a stable reserve of value and a medium of exchange in the cryptocurrency market. They can be used in a variety of scenarios:
Exchange speculation: USDT and USDC are commonly used as the base unit for trading in cryptocurrency exchanges because of their relatively stable price and ease of quick transfers. USDT and USDC are also used for leveraged trading and arbitrage transactions in the cryptocurrency market.
Value Preservation: Stable coins such as USDT and USDC are priced in line with the US dollar. They can be used as a value preservation tool, providing a stable reserve of value in the cryptocurrency market. In addition, the US dollar has a strong position in international trade, so holding stablecoins is also seen as an alternative to holding US dollars.
Risk avoidance: Fiat currencies in international trade can be costly between regions due to foreign exchange transaction fees, currency conversion fees and exchange rate fluctuations. Also, transactions using fiat currencies usually need to be done through banks or payment systems, which may require additional fees and time. By using on-chain transactions, only gas fees are required, and transfers are instant, significantly reducing transaction costs and risks in international trade.
In summary, USDT and USDC have many application scenarios in the cryptocurrency market. Their stability and ease of use make them the choice of investors and international trade practitioners to meet different trading and investment needs.
iSunOne is a digital currency payment platform that offers Quickpay, a fast and secure payment service that enables users to transfer digital dollars directly to each other without waiting for confirmation times or paying gas fees. The platform also offers the Global Visa Card, a prepaid card that can be recharged unlimited times. Each recharge can be up to $25,000 US Dollar. You can continue to recharge and consume, enjoying the extreme convenience of spending USDT and USDC directly. We believe that digital currency payment will be an inevitable future trend, and iSunOne will always be committed to providing the best digital currency payment services to users.