USDC is not safe

[Abiky]

In my opinion Stablecoins are bullshit and we may as well get rid of these scams with the rest of the dirty shit that went down recently. It will help to sanitize the crypto space which became 95% scam in the last several years.

Most stablecoins are centralized, so yes, it may not be worth your time and effort investing into them for the long haul. Even decentralized ones like DAI have USD reserves on a bank (which makes them partially-centralized). Any pressure from the US government in the long run could put well-known stablecoins at risk. Nothing is guaranteed to last forever, anyways.

Instead of stablecoins, why not consider cashing out for Fiat (USD)? You'd avoid losing all of your money if the stablecoin loses its peg in the long run. What will truly last are decentralized cryptocurrencies such as Bitcoin and Ethereum. When CBDCs come in, you can say goodbye to stablecoins for good. Just my thoughts

[AakZaki]

In my opinion Stablecoins are bullshit and we may as well get rid of these scams with the rest of the dirty shit that went down recently. It will help to sanitize the crypto space which became 95% scam in the last several years.

Some stablecoins are just bullshit, but certainly not all of them. In my opinion, USDT, USDC, BUSD are still safe until now, although there are still risks, such as UST, which will eventually become useless due to the LUNA incident.
now even we still need stablecoins for Bitcoin trading pairs and that can't be denied anymore. without a Stablecoin pair you will not trade well.

[Dessy88]

What the poor security system that's why won’t believe usdc. Hy your money only safe in your hand with home because bank statement can hack anytime. Crypto not safe your money even here you can earn money from spend your hand cash. So Don't hold long tram even just buy dip and sold profits that's feeling enjoy. Investment means your assets in third person hand and they can cheating anytime.

[JunkieMiner]

In the centralization system, these all things could happen, and it is normal. As I would say that stable coins often should be used in USDT, Or BUSD pair. Mostly people uses these two coins, and very little bit use of the DAI coin now a days. Which is a risk.

[mich]

Wll I think it is safe but now we can earn more interest if we stake it on Coinbase. We will now be able to get 5 percent.   
On June 15 the interest rate changed from 2 percent to 4 percent. This was because the sec did not consider the stablecoin a unregistered security.
https://cryptoslate.com/coinbase-raises-usdc-interest-rate-to-5/

[aseprebel]

while USDC may have a more positive reputation than USDT, no stablecoin is entirely risk-free. The best way to store your stablecoins depends on your risk tolerance and your confidence in the stability of the coin and the platform you choose. It's crucial to stay informed and periodically reassess your storage strategy as the cryptocurrency landscape evolves.

[Abiky]

Wll I think it is safe but now we can earn more interest if we stake it on Coinbase. We will now be able to get 5 percent.   
On June 15 the interest rate changed from 2 percent to 4 percent. This was because the sec did not consider the stablecoin a unregistered security.
https://cryptoslate.com/coinbase-raises-usdc-interest-rate-to-5/

Interest rates are good. But you should keep in mind that USDC is still a centralized stablecoin. There's no guarantee it will retain its USD peg forever. At least, it's a safer bet than going all in Tether (USDT). This last stablecoin had shady practices from the start (new units are created at will, the issuer is unable to prove it actually has the USD in its reserves, etc).

Its competitor (USD Coin) has managed to do pretty well in the midst of time. When several US banks collapsed during early 2023, USDC lost its peg. However, the issuer (Circle, Inc.) quickly used company funds to remediate the situation and make investors "whole again". That brought confidence into the stablecoin, leading it to where it is right now. With Coinbase behind it, I think it's going to last for quite a long time. Who knows if USDC beats USDT as the leading stablecoin in the crypto market sometime in the future? Just my thoughts

[Xal0lex]

In my opinion Stablecoins are bullshit and we may as well get rid of these scams with the rest of the dirty shit that went down recently. It will help to sanitize the crypto space which became 95% scam in the last several years.

Most stablecoins are centralized, so yes, it may not be worth your time and effort investing into them for the long haul. Even decentralized ones like DAI have USD reserves on a bank (which makes them partially-centralized). Any pressure from the US government in the long run could put well-known stablecoins at risk. Nothing is guaranteed to last forever, anyways.

Instead of stablecoins, why not consider cashing out for Fiat (USD)? You'd avoid losing all of your money if the stablecoin loses its peg in the long run. What will truly last are decentralized cryptocurrencies such as Bitcoin and Ethereum. When CBDCs come in, you can say goodbye to stablecoins for good. Just my thoughts

I would say that all stable coins are centralized. Centralization is not always about someone controlling the issuance or the wallets of other users. Centralization can be in the issuing bank, the various pledges or securities that are involved in supporting the stable price of the stablecoin. When one of these factors is disconnected, the stablecoin often loses its peg to the dollar.

[justdimin]

Wll I think it is safe but now we can earn more interest if we stake it on Coinbase. We will now be able to get 5 percent.   
On June 15 the interest rate changed from 2 percent to 4 percent. This was because the sec did not consider the stablecoin a unregistered security.
https://cryptoslate.com/coinbase-raises-usdc-interest-rate-to-5/

That is not really that bad to be fair, I think it is quite possible to make enough money from this to live off it if you have enough money. Assuming that 1k is good enough for someone to live in most nations, we could say that yearly 12k is good enough to make and live, and if 12k is 5% of what you need to put in, that means 12x20 is the result you get, which is 240k dollars.

So, if you put in 240k dollars in USDC at Coinbase to get return, that would result with 12k a year return, which would be 1k per month and you can live off that. I know that 240k is a lot for many people, but in the crypto world that's not impossible to reach neither, it should be considered that it could end up with something quite good.

[Godday]

Some stablecoins are just bullshit, but certainly not all of them. In my opinion, USDT, USDC, BUSD are still safe until now, although there are still risks, such as UST, which will eventually become useless due to the LUNA incident.
now even we still need stablecoins for Bitcoin trading pairs and that can't be denied anymore. without a Stablecoin pair you will not trade well.

I agree with you. All three stable coins are trustworthy. At least I didn't find any negative news about these three coins. And it is true that stable coins cannot be separated in crypto transactions because trading pairs with Bitcoin and altcoins are still very effective. But I will not store a lot of my assets in stable coins because as OP has started, stable coins are very risky for inflation if they face a crisis like FIAT money.