Should I consider USDC as a safe investment?
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Right now, my savings are just sitting in my bank account. Right now the USDC's 5% APY interests me, but I'm skeptical about if it's a safe place to keep a lot of my cash. Should I get a regular savings account instead, or is USDC a good choice?
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This 5% return is very attractive, but it's riskier than a traditional FDIC-insured savings account. They offer a lower interest rate, but savings accounts provide safety.
USDC's stability depends on its reserves and issuer. For large sums, prioritize security over high returns. If you want stability and liquidity, then High-Yield Savings Accounts (HYSAs) are a safe option.