$USDC is a stablecoin issued by Circle, fully backed by cash and cash equivalents like short-term US Treasuries, aiming for 1:1 redeemability with USD .Chart's looking stable right now… $USDC holding around $1.0002 is giving me that "pegged" feeling. Momentum is minimal since it's a stablecoin, and if the peg holds steady then it would hitted the target $1.003-1.004
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$USDC is a stablecoin issued by Circle, fully backed by cash and cash equivalents like short-term US Treasuries, aiming for 1:1 redeemability with USD .Chart's looking stable right now… $USDC holding around $1.0002 is giving me that "pegged" feeling. Momentum is minimal since it's a stablecoin, and if the peg holds steady then it would hitted the target $1.003-1.004
#USDC #Rmj-Trades