Ask a Question

Is USDC a collateral?

33 views
in Cryptocurrency by (2.2k points)

Is USDC a collateral?

Please log in or register to answer this question.

1 Answer

0 votes
by (2.2k points)

Lending and Borrowing USDC

Stablecoins can be used as collateral for borrowing or lending in DeFi lending protocols. For instance, platforms like Aave and Compound allow users to borrow USDC against collateral such as Ethereum or Bitcoin.

Related questions

1 answer
Is USDC a collateral?
asked Mar 17, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
What is the collateral behind bitcoin?
asked Mar 17, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
Is USDC better than a bank?
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
Is USDC a security?
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
1 answer
Is USDC a network?
asked Mar 19, 2024 in Cryptocurrency by bivas54 (2.2k points)
...