/vt/ - Virtual Youtubers

>>44799087
>wtf is usdc
Crypto is like a turnstile: you can put dollars into it very easily but taking it out is a hassle.
When people want temporarily “out” of crypto really quick, they have two options: the “slow” way out of receiving their money back in boring old fiat money or the “quick” way out of converting their investment into another investment, one that promises to keep their value at exactly one USD.
>bear with me, explaining this advanced judaism is not easy
This is called a “stablecoin” and its used mostly to park money away from any risk. They even give them deceptive codes similar to money
>USDT = Tether
>USDC = Circle
And that’s perfectly safe, as they never fall below one dolla-
>NAGILA HAVA STOPS!

Here is a vtuber analogy: imagine if someone promises you that you can put 20k USD everyday on Pekora Coin and get your 20k USD back as long as she doesn’t fall below 20k CCV
>then one day she decides to play Pico Park again