Cryptocurrencies are gaining favor among businesses and individuals all over the world. That said, recent analyses from Avorak AI suggest that employees are increasingly preferring stablecoins like USDC as salaries.
What is USDC?
USD Coin (USDC) is a stablecoin that was created by the Centre Consortium, a collaboration between Circle and Coinbase. USDC is pegged to the US dollar on a 1:1 basis, meaning that each USDC token is backed by an equivalent amount of US dollars held in reserve by regulated financial institutions. USDC operates on the Ethereum blockchain as an ERC-20 token, allowing for easy transfer and use within the Ethereum ecosystem. It has gained significant popularity in the cryptocurrency space due to the advantages it has over traditional cryptocurrencies like Bitcoin (BTC) and Ether (ETH).
Is USDC safe?
USDC is considered one of the safer options in the cryptocurrency world, primarily due to its relatively stable value and the transparency of its reserves. As a stablecoin with its value is anchored to the US dollar, USDC helps mitigate the price volatility associated with cryptocurrencies. This stability makes it more appealing to employees as it enables them to receive their salaries in digital currencies, without risking significant fluctuations in value.
USDC’s safety is also bolstered by the fact that it is issued and managed by a reputable and regulated company. Circle is subject to compliance with financial regulations and maintains a high level of transparency by regularly conducting audits of the USDC reserves. These audits provide assurance that the number of USDC tokens in circulation is indeed backed by an equivalent amount of US dollars, enhancing trust among users and investors.
However, while USDC presents a more stable and regulated option for those seeking exposure to cryptocurrencies, it is essential to note that the cryptocurrency ecosystem still carries certain risks. Therefore, as with any digital asset, users must exercise caution and employ best practices to secure their wallets and private keys.
What is Avorak AI?
Avorak AI is a groundbreaking and comprehensive Artificial Intelligence (AI) platform operating on the BNB Smart Chain. It offers a unique and secure environment for data processing and AI-driven decision-making by leveraging the decentralized and transparent nature of blockchain technology. Its distributed architecture ensures that data is not centralized, mitigating the risk of single points of failure and enhancing data privacy. Avorak AI’s integration of blockchain also allows for immutable records, providing an auditable trail for all AI-generated insights and predictions. As a result, businesses and individuals can have greater confidence in the accuracy and reliability of the AI’s analyses.
Aside from its analytics capabilities, the Avorak ecosystem hosts a wide range of AI solutions, including trading bots, text generators, chatbots, image creators, virtual assistants, blueprint drafters, security monitors, and more. The AVRK token will be required to access these services and its holders receive several benefits, such as a 49% share in the revenue earned from the services.
The Avorak AI project was officially launched on July 17th after a successful initial coin offering (ICO). Avorak (AVRK) has received several listings, from both centralized and decentralized exchanges. This includes Coinsbit, PancakeSwap, and Azbit.
Despite being relatively new in the market, the project’s analyses and flagship products have made quite an impression. For example, the Avorak Trade bot is programmed with a non-code command-line input and is capable of automating trades unlimited by the exchange or asset class. The bot also provides indicators, price predictions, and alerts to changes in the market. The success of this AI-powered trading bot has been attested to by its beta testers.
Conclusion
As we navigate the era of digital transformation, the integration of stablecoins as a mainstream salary option presents an exciting step forward in the evolution of finance and workplace practices. Avorak AI revealing a rising preference of stablecoins like USDC as salaries showcases the superiority of its AI and blockchain-powered approach in tracking and predicting emerging trends.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Photo by Scott Graham on Unsplash
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Source: thinkbitcoins