Details about Aave USDC v1 cryptocurrency
€0
49.646
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https://aave.com/atokens
@aaveaave
Aave USDC v1 price charts
AUSDC exchanges
Aave USDC v1, the crypto
Aave USDC v1 (AUSDC) is a cryptocurrency that represents a deposit of USDC (USD Coin) on the Aave decentralized lending platform. It allows users to earn interest on their USDC deposits and also enables them to borrow other cryptocurrencies by using their USDC as collateral.
The point
The main point of Aave USDC v1 (AUSDC) is to provide a stablecoin that can be used for lending and borrowing on the Aave platform. It offers users a way to earn interest on their USDC deposits, while also providing a source of liquidity for those who wish to borrow other cryptocurrencies.
The problem
Aave USDC v1 (AUSDC) is designed to solve the problem of volatility that is often associated with cryptocurrency. By providing a stablecoin that is pegged to the value of the US dollar, it offers users a more stable and predictable alternative to other cryptocurrencies that may experience significant price fluctuations. Additionally, it provides a means for users to earn interest on their stablecoin deposits, which can be especially valuable in times of economic uncertainty.
Compare AUSDC and BTC performance
| Timeframe | AUSDC | BTC |
|---|---|---|
| 1h change | -0.0747615 % | -0.125138 % |
| 24h change | -0.51 % | 0.547531 % |
| 7 day change | -0.36 % | 0.799047 % |
| 14 day change | 0.61 % | -8.06332 % |
| 30 day change | 0.24 % | -7.21923 % |
| 200 day change | -1.86 % | 127.49 % |
| Year change | 2.21 % | 133.811 % |