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You may spend USDC at any venue that accepts it. In the land of crypto, which means decentralized lending protocols and exchanges, or yield farms that produce returns over time. Many NFTs are listed for the coin on OpenSea, the preferred NFT market. Keep in mind that the DeFi market is scarcely regulated, so be sure to do your research earlier than investing your USDC in the latest craze. Each blockchain has its own decentralized finance market, and USDC operates on many blockchains, including Avalanche, Solana and Stellar. Holders of the Coinbase Visa debit card can spend their USDC deposits just like US dollars.

The pair might rally to $1.75, the place the bears might pose a powerful problem once more. If this resistance is crossed, the pair may decide up momentum and soar to $2.92. The bears will gain the higher hand if they sink the worth beneath $0.69. That might clear the trail for a drop to $0.31.

2 Phrases and conditions apply. Earn a bonus (as described under) once you open a new SoFi Digital Assets LLC account and purchase at the very least $50 worth of any cryptocurrency inside 7 days. The supply solely applies to new crypto accounts, is restricted to at least one per individual, and expires on December 31, 2022. Once situations are met and the account is opened, you’ll receive your bonus inside 7 days. SoFi reserves the fitting to change or terminate the offer at any time with out notice.