Henbbo Expands Support for USDC Stablecoin on ERC20 Network
Recently, the Henbbo fund has added support for the USDC stablecoin on its online platform. Over the past few months, the usage activity of this coin among our investors has been steadily increasing. In order to make the utilization of our services even more convenient, we are expanding our support for USDC. Now, our clients can use this coin in the ERC20 standard on the Ethereum blockchain.
The USD Coin (USDC) is a centralized stablecoin pegged to the US Dollar. The issuer of the stablecoin is CENTRE, a consortium of American companies including Circle and Coinbase. USDC is backed by reserves of debt securities and cash, which are held on the balance sheets of regulated financial institutions in the United States and undergo regular audits.
The price of 1 USDC equals $1 and has shown extremely low deviation from the target level (less than 1%) over the past 3 years. Currently, nearly 26 billion USDC are in circulation, with a daily trading volume of approximately $4 billion. All of this makes USDC a highly stable and convenient choice for converting and preserving one's own crypto assets.
The expansion of support for the USDC stablecoin on the ERC20 network provides even more opportunities for investors to earn through crypto staking and launchpad trading on the Henbbo platform. Furthermore, it enhances the resilience and trust from clients towards our company's services.
Our team continuously develops and integrates new features to ensure that the company's clients achieve the best results from using the Henbbo online platform.