Ok so it's just for converting and saving where it's more atable than local currency but easier to move than Bitcoin?
Pretty much, yeah. It’s also a lot cheaper/easier on many exchanges to trade into a stablecoin than into actual dollars.
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Oh right. Deposits hold in USDC before purchase right? So it's just an electronic representation of fiat?
To my understanding, yes, though I’ve admittedly never used nor owned a stablecoin. 😅
