Finance Monthly - December 2022

US DOLLAR COIN (USDC) Market Value: USD 44.3 billion Like the aforementioned Tether, USDC is considered to be a stablecoin too. Its value depends on the US dollar and it aims to keep the price notion at 1 USD – 1 USDC. Also, it’s important to keep in mind that USDC is powered by Ethereum. Therefore, it may be used for something else, like some sort of technological advancement later on. You can also use USDC to make or complete a global transaction. However, the only issue is that not everyone will accept it as a form of payment. 4 BINANCE COIN (BNB) Market Value: USD 44.6 billion BNB, also known as Binance Coin, is a type of crypto that can be used to pay fees and trade on Binance. In the beginning, the price of BNB was only USD 0.10. However, since then, it’s progressed quite massively and now it sits at USD 279.00. But before you do anything, remember you are not allowed to use BNB on anything else. It’s to be used on Binance and Binance only. 5 Disclaimer: The content in this article is for informational purposes only and should not be construed as financial advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Finance Monthly or any third-party service provider. “Like the aforementioned Tether, USDC is considered to be a stablecoin too.” Finance Monthly. F i nanc i a l Innov a t i on & F i nTech 43

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