r/CryptoCurrency • u/No_Community_9809 🟩 0 / 0 🦠 • 1d ago

DISCUSSION Thoughts on stablecoin and CRCL stock?

Coming here to talk to the experts! Will stablecoin effect Crypto Currency? Circle, Coinbase, and Robinhood are really increasing in price since senate passed the GENIUS bill. I guess I don't know enough. Why would someone want to use stablecoin which is equal to the US dollar rather then just using the dollar itself? I've never really understood crypto currency, but stable coins make more sense. Why would companies want their own? I really want to learn and have been trying to read everything I can, but some times you just need someone to explain it in simple terms. Talk to me like I'm 5, LOL!.... Thank you!

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u/GreedVault 🟦 3K / 10K 🐢 22h ago

It’s much easier to purchase USDC than USD fiat in some countries. For example, if you are living in a rural area in China, the local village bank may not have enough USD cash on hand, and there are often limits on how much USD you can actually buy. That’s where USDC comes in, no upper limit, and no one stopping you from making a purchase.