02 of the total deposit amount in Stablecoins. This bonus is equally distributed to the holders. Altcoin trading is way riskier and not many people are willing to take such a gamble. On-chain Earn. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. Plugging more people into the global financial system requires developing new tools to fit their needs. Security. So you have access to stable money that you can use on Ethereum. 98 stOKT, now staking 990 stOKT would amount to 1,010. Prices of digital assets, including stablecoins, can and do fluctuate at any moment. Step 2: Log in to the OKX official APP, go to the Grow section and click Jumpstart. OKX provides interest-bearing staking accounts for more than 100 different tokens and projects. This can also help pegged assets such as stablecoins and liquid staking derivatives keep their prices more stable, while liquidity providers can earn additional revenue, according to the press. Crypto Staking vs. Users can also conduct gasless transactions if third-party dApps choose to sponsor their on-chain interactions. Stablecoins are a good investment for those looking for a less volatile cryptocurrency. 005 stETH to represent our stake. They can also conduct gasless transactions if third-party dApps choose to sponsor their on-chain interactions. ©2023 OKX. BlockFi – earn 8% interest on stablecoins up to the first $20,000. On the NEAR ecosystem, there is also Oindao, where you can stake stablecoins and earn good rewards. Though there are various risks that come with staking your assets, you could earn rewards. First you'll need an OKX account. Finance and DDEX offer extremely competitive yearly interest rates, ranging from 7-10%, for staked stablecoins. Stablecoins are a type of cryptocurrency meant to be “pegged” to or closely match the value of another currency or financial asset — like the U. Total fees were 2. OKX offers crypto staking on over 200 tokens and pairs with both fixed and flexible terms. Step 1: Before the mining starts, transfer your CHZ or OKB to your funding account. In a proof-of-stake system, investors who own the cryptocurrency can help validate transactions in. Among many programs, staking at Cake Defi can help you earn high returns without any hassle. In 2022, you can earn money with cryptocurrencies through affiliate programs, cloud mining, and other methods. When users stake their ETH on Lido, they receive 'stETH' tokens, which represent their staked assets on a 1. Staking stablecoins, nevertheless, often involves interacting with a DeFi platform like Aave or Uniswap. True to their name, stablecoins are intended to be a stable crypto option to invest in, especially when compared to. Sign in. The site Staking Rewards shows that the staking “market cap” of USDC is about $1. SINGAPORE, 13 September 2023 - McLaren Racing and OKX, a leading Web3 technology company and Official Primary Partner of the McLaren Formula 1 Team, today revealed a limited-edition Stealth Mode livery design to be carried on the McLaren MCL60 F1 cars at the 2023 Singapore Grand Prix (15-17 September) and the 2023 Japanese Grand Prix. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The campaign spans one month and is divided into 3 activities: 1) Participants can complete OKX Web3 tasks on Galxe. For example, if you invested $10,000 in staking ATOM coins on January 1 this year, you would have earned a nominal return of about 3. Stablecoins are global, and can be sent over the internet. Crypto that OKX doesn’t support. What is Starknet? Starknet is a decentralized layer-2 network that enables Ethereum to scale securely and dapps to achieve unlimited scale for transactions and computation. Stablecoin Staking/ Earning in 2021. The concept is pretty straightforward: A user locks in, say, 100 USD worth of Bitcoin by opening a hedge through a derivatives exchange. The ERC-20 standard has enabled over 450,000 tokens. Make crypto earning flexible and stable. With OKX DeFi, you can access dozens of opportunities to stake and earn yield on stablecoins like USDT, USDC, or TUSD. Additionally, buying USDT on OKX gives you access to hundreds of digital assets listed for trading, including BTC and ETH. Notably, Shiba Inu holders can stake a minimum of 1 SHIB to earn an APY of 2. Other products include: trading bots, block trading, OKX Earn (savings, stablecoins, DeFi, staking, ETH 2. Formerly known as USD Coin, USDC has successfully established itself as one of the go-to stablecoins in the crypto space. Pax Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. OKX: 70%: Orbs Network: ORBS: Kraken: 21%: Secret:. Wallet Funding: Go to the 'Buy Crypto' section in OKX, choose 'Fiat Deposit', and select Chinese Yuan (CNY) as your. McLaren F1 Team reveals new challenger, introduces new driver line-up at OKX Thought Leadership Centre at McLaren Technology Centre. asset holdings, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. As such, stablecoins are a popular collateral choice and are fundamental to scaling the adoption of DeFi products. Staking stablecoins is a great way to hold your funds in the current low interest rate environment and earn yields while avoiding market volatility. The lender receives interest payments for the loan. 1. On stablecoins, the best yield offered. DeFi Swap – Overall Best Crypto Staking Platform In Australia; OKX– Availability of several tokens to earn a variety of APYs;. As per the blog post, the Seychelles-based exchange will delist the tokens in two batches, with the first batch due for removal on November 9. By staking stablecoins as liquidity, investors can earn returns based on transaction fees or yield generated by borrowers. For example, On a 90-day term, Shiba Inu staking yields an APY of 12%. You're right, staking stable coins is the least risky. Stablecoins help solve this problem, protecting against crypto’s volatility. However, there is a 1-month minimum deposit term. May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3. It's riskier and not as straightforward as other staking. OKX facilitates on-chain earning support for many of the best staking coins. Instantly trade spot OTC, futures spreads, and options strategies at the price you wantStaking is a key element of cryptocurrencies that operate using “proof-of-stake” validation. Using an asset-backed stablecoins, gives you all the benefits of a bank, money transfer and a cryptocurrency. ago. 2. In this example, we stake 0. Digital asset holdings, including stablecoins and. Additionally, OKX also. Compra y vende sin comisiones a través de más de 100 métodos de pago. Exchange Wallet. Due to such price fluctuations, you may experience an increase or decrease in value of your assets at any given moment. In a multi-token model, also known as Seigniorage Shares, the number of actual tokens in a user’s wallet doesn’t change in response to price changes. It provides services for users to learn about. com As the market's only Ethereum L2 with native yield for , Blast is the result of Blur's founder Tieshun Roquerre recognizing a need for a new L2 optimistic rollup solution with native yield. Trade a full range of contracts and margin products. Step 1: Open an eToro Account – Visit the eToro website and open an account. OKX Chain. Tether Gold (xAUt) You may have heard of Tether before. Instead of 2309 coins, you would have 2390. io is at 9% USCD and 6,1% BTC for 2BTC. 14% APR for staking is roughly . San Francisco, Sept. OKX is one such popular CEX. OKX is excited to introduce Copy Trading, a new tool under OKX Social Trading that gives you a whole new trading experience. OKX is a crypto and derivative exchange known for its high liquidity spread and industry-leading low user fees. Hypothetically if i have $250K in stablecoins i would make around $25K a year (which is more than what even hard workers make a year where i live). OKX enables you to buy Bitcoin with popular stablecoins such as USDT, USDK, USDC, DAI, and UST. 5% on USDC. Risks: Rug pull. Moreover, OKX doesn’t charge service fees or commissions for PoS staking or DeFi protocol participation. 4 min read Fact Checked Summary: Staking stablecoins is a popular strategy in the cryptocurrency market, offering potential for consistent returns with lower volatility. Discover hot and new crypto. Community. Obviously one of it is the depegging risk. 5%=$97. S. Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. In staking, investors are “locking in” the value of the stablecoin to earn interest. 1. Staking stablecoins, in my opinion, is the way to go. 28. 00/5. In the mobile app, click on the NFT. Stablecoins – cryptocurrencies pegged to a strong fiat currency like the U. Staking and Yield Earning:. 🪙 Stablecoins: The Good, The Bad, The staking. USDC is a centralized dollar-pegged stablecoin issued by the Centre Consortium, founded as a collaboration between Coinbase and payment service. 6 billion and Lido alone reaching over $14 billion in TVL. The move comes as OKX deepens its focus on the fast-growing Turkish market and greatly expands its offerings for users around the world wanting to trade. 11 Best Stablecoin Interest Accounts of November 2023. The borrower approaches the lending platform to apply for a stablecoin loan. MCO can be traded on one of the Crypto. It's a straightforward and transparent form of trading, with less risk compared to other forms of trading. Lido is an Ethereum-centric platform designed to transform how we approach staking. It seems the best stablecoins just based on market cap and demand are fiat-backed stablecoins such as USDC, USDT, and BUSD. BRC-20 rapidly gained momentum within the Bitcoin community when it landed on March 8, 2023. 0. I am currently using a safety net of stablecoins (USD) that are earning fixed interest on a few different platforms. Fiat-collateralized (Centralized) Stablecoins: Tether USDT. Uniswap staking method 2: Earn yield on your UNI tokens. Terra relies on its utility and staking coin, LUNA, as well as several other stablecoins that are pegged to many of the world’s top fiat currencies — including TerraUSD (UST). Buy/Sell with zero fees via 100+ payment methods. 0004% daily, so. However, traders should be prepared for market fluctuations. WOKING, UK, February 13, 2023-- The McLaren F1 Team car for the 2023 Formula 1 season was unveiled today in front of fans and the world’s media at the OKX Thought Leadership Centre at McLaren’s. Binance stands as our overall best platform for crypto staking. The estimated annual percentage rate (APR) for Binance DeFi staking ranges from 0. The first type of risk is associated with the asset the coin is pegged to. Nexo Review. Apps like Celsius and Crypto. Flash Deals – Limited, high APY investments. Simply enter the amount of USDT you wish to purchase in your preferred currency and complete payment using your desired credit card. Exchange Wallet. The Convert in Stablecoins for DAI and TUSD will start at 7:00 am UTC on Sep. 3. COM. Other ways to make money with stablecoins include lending and staking. Dafür bekommst du diese 8 Prozent (Lächerlich wenig). Investors typically trade crypto in order to make money off the coin’s varying worth. Get stablecoins for 10% APR. With the markets so volatile right now, you may be looking for a way to hedge your investments with stablecoins in case of a market correction. But prime stablecoins like USDC and Pax (USDP) are fully backed by high. Where 0. com exchanges in exchange for stablecoins. ©2023 OKX. Realtime Reward Rates, Supported Assets, Interview, Links, and everything useful about the trusted staking provider and validator OKX. Testnet Explorer. OKC Explorer. 5% in ByBit. Third-party payment. You don't have to worry about price slippage in a volatile market. Earn potentially high APRs on current market trends. ”. It can be considered similar to how a traditional savings account works. Exchange Billetera. dollar. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. Negative reviews mention poor customer service, lost funds. Jumpstart. Staking payouts depend on the particular. - Following the launch of the BRC20-S protocol, which is open-source and available for all developers to build upon, web users can now earn BRC20-S tokens by staking Bitcoin or BRC-20 tokens. Another option on OKX is to deposit crypto tokens into a staking pool. A lot of paperhands gave up when the $20k support of BTC broke. This can also help pegged assets such as stablecoins and liquid staking derivatives keep their prices more stable, while liquidity providers can earn additional revenue, according to the press. Similarly, the flexible staking reward for XRP is also 2. Instantly trade spot OTC, futures spreads, and options strategies at the price you wantFor example, both DOT and ADA can be staked while locked by Ledger. When you lend stablecoins, you can earn interest payments from borrowers. Tether Gold (xAUt) You may have heard of Tether before. Many CeFi providers will just stake the coin for you and take their cut for doing this, so consider doing it yourself. dollar or the price of commodities such as gold. 5%. OKX. 5% for MATIC, 14. You should carefully consider. Rewards, staking and loans integrated. Stablecoins are one way to speed up payments, as are CBDCs. The reason is the complete transparency of TrueUSD and its parent company TrustToken. Pancakeswap tutorial. Nevertheless, there are ways to profit from stablecoins too. Other products include: trading bots, block trading, OKX Earn. 3 billion, where the total market cap of that stablecoin stands at about $28 billion. Start with only 100 USDT. New comments cannot be posted. In addition to DeFi crypto staking, OKX has crypto savings accounts where investors can earn interest on their tokens. You can check the tokens you've received on this page: A visual showing how to view your rewards when staking BRC20-S with OKX. The Convert in Stablecoins for. OKX is pleased to announce the listing of DAI and TUSD on our Convert in Stablecoins to provide a better user experience. USD Circle. Best. 1 hour ago · The Bitcoin price smashed through $38,000 after BlackRock met with the US Securities and Exchange Commission (SEC) to talk about its ETF application as the odds on approval rise and new. Positive reviews focus on an easy online experience, fast transitions, and low fees. com staking von stablecoins und Ethereum in Deutschland. Stablecoins are supposed to be the…Instantly trade spot OTC, futures spreads, and options strategies at the price you wantBelow are some stablecoins you could stake as well as platforms that enable stablecoins staking and yield rates: USDC – this stablecoin is issued by Circle and is pegged to fiat dollars on a 1:1. OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens. Stablecoins are digital assets designed to mimic the value of fiat currencies, like the dollar or the euro. The protocol is open-source and available for all developers to build upon. Begin your crypto staking journey by following these easy steps: 1. The dollar-pegged stablecoin explained. Dear OKX customers, OKX is pleased to announce the upcoming launch of OKX Crypto Cricket Cup Campaign on October 5th, 2023, at 10:30am (IST). What is USDC Staking? USDC staking is the process of depositing USDC stablecoins on a staking platform, whether centralized or decentralized, to earn a yield or interest. Stablecoins. Negative reviews mention poor customer service, lost funds. I'd rather find a steady source of income than constantly be on the edge of my seat. Staking Stablecoins. You can maximise the yield you earn by researching the top interest accounts such as Nexo, CoinLoan and more. 31, which is a weighted average across 23 crypto exchanges. It’s a newer concept, but one that many traders are now exploring. One of the most widely used stablecoins for staking up until May 6, 2022, was the algorithmic stablecoin Terra USD (UST). Staking cryptocurrency is a fun, easy, and quite profitable way to grow your cryptocurrency holdings. 92% for ETH, 16. Advantages of Staking Stablecoins. 6. Key steps involve acquiring stablecoins from crypto exchanges, lending them on DeFi platforms like Aave or Uniswap, and earning rewards such as interest or additional tokens. S. With the right approach and caution, spot trading can be the. OKX currently supports over 300 crypto, but there are still some crypto that OKX doesn’t support. staking stablecoins is a weird investment. Stablecoins like Tether and USD Coin earn 10% with no lock-in periods, while Bitcoin and Ethereum earn 5% APY each in an OKX savings account. OKX exchange users can trade 355 different crypto assets and make passive money from staking and crypto savings accounts. either keep your money in FIAT and invest in the bank/stocks whatever, or invest into crypto gunning for those huge valuations. ?La página Stablecoins de OKX Academy es un canal para recopilar conocimiento de Stablecoins y sus últimas noticias. The best rates I've seen recently for staking Tether and USD Coin are around 12%. com; 2) Participants will engage with Dapps, complete quests and get. The blockchain supported the creation of algorithmic stablecoins, but this system came under extreme market pressure in May 2022 and the platform’s stablecoins were no longer able to maintain their targeted prices. dollar or a basket of assets to keep their prices stable – could be a solution to Leticia’s problem. OKX: Funding and Withdrawal Methods OKX vs. HONG KONG SAR, September 28, 2023 - OKX Ventures, the investment arm of leading global crypto exchange and leading Web3 company OKX, today announced an investment in 0xScope, a data intelligence platform that offers a knowledge graph protocol for Web2 and Web3 data. DeFi Swap – Crypto staking platform for high. Popular Stablecoins for Staking. For example, the MakerDOA (Oasis) platform allows crypto users to lend out their tokens to generate DAI, which is a stablecoin pegged to the U. Singapore, September 7, 2023 -- OKX, a leading Web3 technology company and Primary Partner of the McLaren Formula 1 Team, today announced that it will host the OKX Race Club, a McLaren-themed fanzone for the Singapore Grand Prix from September 14-17, 2023. TRON (TRX) is a leading blockchain-based decentralized platform aiming to build a free, global digital content entertainment system. Ledger Nano. COM. Then you would see impermanent loss like you've never seen before. Here are platforms that allow you to stake stablecoins. 79% in Binance, 0. The FSB said last year that it wanted credited cross-border payments to be possible within one hour, and with transaction costs of under 1%, by 2027, and is currently exploring a number of avenues. The current regulatory framework, which primarily addresses money laundering and terrorism financing risks, and technology and cyber risks, will be expanded to ensure that. Unlike other leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), which are notorious for their price volatility, stablecoins are designed to maintain a fixed value. Stablecoins are designed to maintain a stable value, which means that staking stablecoins is a lower-risk investment option compared to other cryptocurrencies. the information reported in this piece, and the pieces referred to, comes from third party sources. Due to such price fluctuations, you. 0 (Eth2), USDC, Binance (BNB) are the most popular stablecoins to use for staking. Exchange Wallet. Crypto. At the vanguard of this rise in usage and popularity of stablecoins are USD Coin (USDC), Tether (USDT) and Binance USD (BIUSD). 5%, with users allowed to stake a minimum of. The exchange offers basic trading including spot and simple options, and derivatives including margin, futures, perpetual swaps and options. With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets. There are three types of stablecoins: fiat-backed, crypto-backed, and algorithmic. SINGAPORE, Nov. For the unversed, stablecoins and cryptocurrencies are able to support the ever-expanding financial markets through transparent smart contracts, without the need for central banks. The staking rewards available on the Terra network depend on whether you are operating as a validator or delegating your stake to someone else on. Deposit UNI tokens on Binance Earn. With the Stacks 2. Supported stablecoins: BUSD, USDT, USDC; Finally, to get the best stablecoin interest rate on Stargate, stake your stablecoins for one year. SAN FRANCISCO, JUNE 1, 2023 -- OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens. 08%, dydx - 9%, Yearn - 3% Binance USD (BUSD) BUSD is 100% backed by reserves held in either one or both of (i) fiat money in dedicated omnibus accounts with insured U. 5. For information on how to apply for an account on OKX, please read here. Unlock the power of programmable money. Stablecoins, cryptocurrencies designed to hold a stable value through a peg to an underlying asset, such as the U. Investors have bridged over $30 million in ether and stablecoins to Blast, the latest Ethereum layer 2 network, just hours after the project went live late on Monday. In your inbox every week; Click here to return to OKX Read the latest from OKX Insights. The crypto exchange currently offers trades well above $65 billion daily and is the premier digital asset platform for all crypto users. On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the details of the SEC’s ban on crypto staking and whether stablecoins are securities. YouHodler Review. Buy XRP with credit/debit card. Stablecoins are cryptocurrencies that try to stabilize their value by linking them to an external reference. 6 March at 0:28 · 1 min read. OKX Earn 10% . The crypto lending platform then asks for collateral. Updated Oct 16, 2023. Chcete-li se seznámit s blockchainem a rychle začít obchodovat s bitcoinem, zamiřte. OKX says it has identified $157 million in digital assets belonging to FTX and Alameda Research and is turning them over to the. That being said, AMPL is one of the more stable algorithmic stablecoins on the market today and still uses the rebase model. 0xScope offers a range of SaaS solutions that. Here are the lastest stablecoins yields across some of the top exchanges as of March 2022: USDC: 2. Due to new regulations introduced by the UK Financial Conduct Authority, starting 8 October, there will be some important changes to the OKX experience for users in the UK. We're also committed to. okx disclaims all liability with regards to the article, including the veracity of the facts asserted by these third parties. Binance USD. com und habe so um die 5% von meinem Portfolio investiert. To identify the best exchanges for staking, we looked at eight key variables to assess each platform: Basic Trading Features. OKX is a centralised cryptocurrency exchange headquartered in Seychelles, providing a wide range of features such as four types of trading, staking options, and an IDO launchpad. Novel approaches to staking (Stakewise V3 and ether. The Universal Digital Payments Network instructs and allows transactions, ranging from stablecoins on public blockchains to central bank digital currencies. that 60% apr, when converting to apy it higher than that number. View the latest crypto prices, volume, and data. S. You can get up to 8. Crypto that OKX doesn't support; Crypto sent to networks that OKX doesn’t support; Crypto that has been or will be delisted from OKX; Airdrop crypto; Here are the details of these 4 types of untradable assets: 1. Other. asset holdings, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. 0 blockchain, ecosystem participants gain access to hundreds of decentralized applications and smart contracts built on. com – Top Crypto Staking Platform With Flexible Withdrawals in Australia. Provide eToro with some personal information and contact details. Data from Glassnode shows that as of Thursday, 14. Up to 0. com . OKX DeFi can help you make the most out of your digital assets by providing an easy way to enter the world of stablecoins and staking. Binance:. Note. At OKX, our focus is to offer our institutional clients more transparency and more control over their funds, while balancing capital efficiency, cost, and security. The new standard has captivated some crypto. S. Staking stablecoins offers several advantages over other investment options, including: 1. Elimination of the need for users to pay gas fees with each individual chain's native token. OKX – Widely-Used Platform for Flexible Ethereum 2. The loan interest is on a daily basis, and is generally less than 1%, and the staking interest in an annual rate, so you always end up losing money if you stake money taken out on loan. S. Liquidity mining takes a similar approach but rewards participants with. Register now and experience the future of finance. To start a margin trade, you must move assets from your funding account to your margin account. 24, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for November 24, 2023. 8 billion, rising more than 80% since the beginning of July and more than 250% since the beginning of 2020, according to data collected from Coin Metrics. Instead, stablecoins are issued based on LUNA collateral. Your purchased USDT tokens will be deposited in your account almost instantly after completing your order. Trade. The easy explanation is that high interest rates compensate people for the risk that the stablecoin will fall off its peg. #2 — Origin Dollar (OUSD)The way algorithmic stablecoins work is that if the stablecoin drops from $1 to $0. By indicating it as a counterparty on your RFQ, it will provide you with a valid execution price. The interest rates range from 0. 8% returns offered on the Celsius network represent “the real value of the US dollar” according to CEO Alex Mashinsky. For example, if functioning correctly a stablecoin pegged to the U. See full list on okx. As a node provider, it offers ISO 27001-compliant, enterprise-grade security staking services. Regular traders on OKX may prefer to hold OKB tokens, because doing so gives them up to a 40% discount on eligible purchases, depending on their trading volume. Stablecoins are digital assets designed to maintain consistent purchasing power, which makes them a useful tool for both crypto traders and those making international payments. On-chain Earn. Stablecoins have been growing rapidly, here are some reasons and risks. Types of Stablecoins. 5 – or an APR of 19. Uniswap staking method 1: Provide liquidity on Uniswap. Be your own bank. 5% to. dollar, a combination of currencies (basket), or a real-life commodity. OKX Wallet will add support for the BRC-30 standard according to the protocol,. Participate in OKX ETH 2. Trade. OKX DeFi can help you make the most out of your digital assets by providing an easy way to enter the world of stablecoins and staking. Trade a full range of contracts and margin products. If I were to use this kind of money, I'd rather buy. Get a loan in 10-15 minutes. Is there such a staking for stable coins like USDT, USC, UST, etc. OKX Web3 DeFi is an all-in-one platform to help you make the most of decentralized finance. Use this one-stop hub to manage investments in different DeFi protocols. You can exchange Toncoin with 31 other cryptocurrencies. You can navigate liquidity pools on platforms such as AAVE, Yearn, and Pancake easily. However, as we discussed in our latest in-depth analysis of the stablecoin space, the current solutions are far from ideal — and. Best Crypto Coins for Staking. Testnet Explorer. The difference between using the crypto converter on OKX and trading crypto on the spot market is that the converter automatically selects the best exchange rate for the two selected crypto in real-time and lets you complete the conversion instantly at that rate. Stablecoins can help in hedging against price volatility, giving you the option to swap your crypto assets back to USDC in case of market dips.