In our latest Learn 101 livestream session, we gathered an esteemed panel of crypto experts to share insights on whether BTC will soar to $100K by 2024.

The extreme volatility of Bitcoin and periods of strong growth throughout its history have created substantial wealth for many investors. Bitcoin breached $70,000 earlier in 2024, and many investors are eagerly awaiting price movement to $100,000.

, we ask, “Will Bitcoin Soar to $100K by 2024?”

, provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry in case you miss the livestream.

Joining the livestream on Sep 11, 2024 were four distinguished guests:

Under the moderation of Sabrina Chua, Crypto Evangelist and SEO Editor at Bybit, this episode explores if Bitcoin’s price will reach $100K by 2024.

Bitcoin's Journey — Looking Back to Look Forward

At the start of the livestream, Michael Ionita created an automated trading order to demonstrate how easy it is. It remained running in the background until the end of the stream, when our guests reviewed the order.

Throughout the years, Bitcoin’s price has been influenced by the Jackson Hole Economic Symposium, government policy, ETF applications and other factors. Henrique Centieiro stated that short-term macroeconomics are impacted by the Federal Reserve. The economy is currently relatively shaky, and he anticipates more money will be printed. When this last took place, the stock market shot up, and Bitcoin’s price increased substantially. Centieiro attributes this to the level of increased money in circulation.

Referring to a chart that shows a correlation between lowered U.S. interest rates and Bitcoin’s price, Ionita demonstrated that increased money supply has boosted Bitcoin’s prices.

Jerry Li is bullish over the next six months. He reminded us that inflation weakens both the U.S. dollar and purchasing power, and as interest rates drop, he sees a correction in the crypto market that will positively affect Bitcoin’s price.

Centieiro stated that some people will take profits during the rate adjustment. He believes that the next month may be bearish, but there will then be a bull rush.

Ionita said that the market has been impacted by Russia’s new Bitcoin policy, asserting that this is bringing more funds into Bitcoin. However, many people in Russia are holding Bitcoin on a short-term basis because they’re making purchases with it. This makes Russia’s policy impact both bullish and bearish: Ionita maintains that other countries may act on this by prohibiting or limiting Bitcoin because of world events.

Meanwhile, Centieiro stated that the amount of money being kept on exchanges is at an all-time low, which means people are holding for a longer period of time. Bitcoin miners continue to invest in mining equipment. In addition, Michael Saylor has stated that Bitcoin’s price will reach 

Li drew attention to the fact that recently, hash power has increased dramatically, which is attributable to the entrance of more people and countries into the crypto market.

Ionita described the Bitcoin Spot ETF rally of 100%, attributing it to massive public interest. He believes BTC’s price is being heavily restricted because of this huge interest, and expects its price to rise by the end of October, based on the interest in Bitcoin Spot ETFs.

Centieiro said that there’s a lag as money managers decide whether to invest or not. Adding Bitcoin to a fund, even in small amounts, increases diversity and lower risks. He believes this is a win-win situation for money managers.

Li reminded us that Bitcoin will definitely reach $100,000 at some point, but nobody knows when. The upcoming U.S. election may drive its price up, but it could also bring greater volatility. Other catalysts may drive the price up as well.

Ionita referred to his screen again, saying that it’s hard to predict a price for something with multiple variables. However, he referred to the Fibonacci cycle for the current market, which reveals a Bitcoin price prediction between $200,000 to $300,000, adding that it’s impossible to predict the time frame. The average cycle time, however, is 1,069 days, which would extrapolate to the end of October 2025, but this time frame is fuzzy. He believes $200,000 is realistic for the cycle.

Centieiro described some price movement obstacles that have prevented Bitcoin’s price increase or slowed the time frame for BTC hitting $100,000 — the uncertainty of the U.S. election, for one. He also referred to a chart showing a lower flow in market-based mining activity. This indicates a type of magnet for the price. Centieiro also introduced a power log that shows BItcoin’s price should currently be around $90,000. He believes the current price is a pressure cooker, and the price will therefore greatly increase.

Zitane said the main risks that could stymie BTC price growth are regulatory uncertainty, economic instability and military conflicts, among others, directly affecting BTC’s price.

Ionita added that investors should get out of any risky asset in a downturn in order to prevent loss. He stressed the importance of understanding that both BTC and the U.S. dollar are preferred as investments in different situations, and showed a graph indicating that dollar-cost averaging (DCA) isn’t a wise approach for risky assets.

Li, however, stated that he uses DCA. He believes it’s a healthy strategy over a long period of time, due to his confidence that Bitcoin’s price will eventually go back up after a dip.

Centieiro agreed with Ionita that it’s not advisable to use DCA for an asset that’s going to zero. However, he doesn’t believe that Bitcoin will ever go to zero. Centieiro believes in DCA as a solid, long-term strategy to smooth out BTC market volatility.

Zitane has a simple strategy: he only uses DCA. He makes a purchase, and then buys again if the price goes down. He pays attention to the news, keeps buying when the price goes down and continues to reduce his average price.

Ionita reminded us that you can make more money with manual trading if you know what you’re doing. Most people aren’t professional traders, though, and can get wrecked in a bear market if they don’t stay on top of things. He recommends that these traders use an automated algorithm.

Smart Trading — Entering and Exiting with Confidence

Centieiro explained how he enters a trade: he buys BTC and holds it for at least a few years, looking for a relatively cheaper price as compared to previous prices. This is determined by a look at the 200-day moving average. He also looks at the Crypto Fear & Greed Index. Centieiro explained that investors must decide how long they plan to hold BTC 

 buying it. He invests a portion of his investment amount at one time, and spreads the rest of his investment out over several weeks.

Ionita, however, holds his BTC over several months. He looks at Fibonacci and other charts to invest funds in BTC and several other assets, based on risk. He maintains a specific allocation, with more allocation to the least risky assets.

This session of the Learn 101 livestream highlighted “Will Bitcoin Soar to $100K by 2024?”

As part of the livestream, Bybit is holding an 

 that offers you a chance to participate in our pop quiz and win a share of 300 USDT in airdrops. The event period is through September 18, 2024, 11:59PM UTC.

Stay tuned for more discussions on the dynamic world of cryptocurrencies!

Intermediate

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Learn Live ICYMI: Will Bitcoin Soar to $100K by 2024?

Self Chain (SLF) is a Layer 1 network that provides a cross-chain keyless wallet solution, along with modular intent-based transaction execution capabilities.

 can be tedious and frustrating, especially for beginners. At the same time, careful private key management is crucial if the user wants to avoid security breaches or the loss of access to their wallet. 

Wouldn't it be great if you could transact securely on blockchains using your social media logins while also enjoying the cryptographic protection features provided by crypto wallets? And without the need for private key or 

This is exactly what Self Chain (SLF), an innovative 

 blockchain project, offers to the crypto user community.

multi-party computation — threshold signature scheme

 (MPC-TSS), Self Chain offers keyless wallet services that let you transact across multiple chains and applications. Additionally, its solution comes with a large language model (LLM) intent-based chat assistant to find you the best deals and transaction options in the cryptocurrency world.

 (SLF) is a decentralized platform that describes itself as the first modular intent-centric access Layer 1 blockchain. 

It provides two key services: an AI-driven chat assistant that helps users carry out intent-based transactions, and a keyless wallet solution that facilitates multichain logins and transactions without the need for private key or seed phrase management. Self Chain’s Layer 1 network is based on the popular Cosmos SDK blockchain development framework. 

 (ATOM) ecosystem, Self Chain uses the delegated proof of stake (DPoS) block processing method, with validator nodes securing the network.

The project was initially called Frontier (FRONT). It began its network operations with the launch of an incentivized testnet in April 2021. In mid-2024, Frontier was rebranded to Self Chain and launched its mainnet.

Self Chain's AI chat assistant accepts voice and textual inputs from the user, and searches multiple blockchain platforms and 

 (DApps) to find the best possible deals. This service can be used in various areas, including 

 (DeFi). For instance, crypto gamers can use Self Chain’s intent-based search for the best deals on gaming 

 assets, while DeFi traders can instruct the assistant to find the best rates for specific coin swaps.

The platform's keyless wallet infrastructure service allows users to securely use email- and social media–based 

 logins to blockchain apps and platforms. This is enabled by splitting the wallet's seed phase into three parts, each stored separately — one encrypted on the user's device, the second encrypted and stored on the Self Chain network in a decentralized manner and the third reserved for wallet recovery purposes..

The platform's chat assistant is based on an LLM model that transforms user inputs into signed automated intent instructions. These instructions are passed to Intent Searchers, entities that scout the blockchain ecosystem for the best deals and most efficient paths for the intended transaction. Once the optimal source is found, Intent Searchers pass the request to intent solvers, whose job is to execute the transaction.

Blockchain DApps that aspire to become Searchers and solvers within the Self Chain ecosystem can use the Intent DSL SDK, a development framework offered by the platform. Using the SDK, DApps can integrate into the platform's architecture and translate user intent commands into executable searches and transactions.

The Self Chain keyless wallet service is powered by MPC-TSS technology, which permits splitting the user's private key, seed phrase or other secret identifier into multiple fractions, each stored independently to avoid a single point of failure. As a security technology, MPC-TSS predates blockchain, and can be applied in a chain-agnostic manner.

In Self Chain's implementation of MPC-TSS, there are three seed phrase fractions, with the two main ones — the Personal Share and the Remote Share — held on the user's device and the blockchain, respectively. When an operation is carried out, the Personal Share is matched against the Remote Share to facilitate the transaction. A network of MPC nodes encrypts the Remote Share in a distributed fashion to further enhance the security of operations.

The third fraction — the Recovery Share — is used solely to restore access to the user's device or add a new device.

Thanks to this chain-agnostic keyless system, users can retain the self-custody of their wallets, enjoy the security of the blockchain's cryptographic protection and use keyless logins on a myriad of platforms.

Self Chain lets users enjoy multichain account abstraction (AA), whereby wallets can carry out complex operations without you needing to worry about the specifics of underlying technology. For example, Self Chain–based wallets can execute bundled transactions, carry out cross-chain operations and optimize gas fees, all without user intervention.

What Is the Self Chain Crypto Token (SLF)?

During the project's mid-2024 rebranding from Frontier to Self Chain, its native cryptocurrency was migrated from the FRONT token on the 

 (BNB) to the SLF coin, native to the Self Chain's Layer 1 network. The migration was announced in late August 2024, and as of the time of this writing (Sep 16, 2024), FRONT holders can still migrate their tokens, with no specific conversion deadline provided by the project team.

SLF is used for a wide variety of functions on the Self Chain platform, including the following:

SLF has a total and maximum supply of 360 million. The coin's supply allocation shares are per the chart below:

The SLF coin is available on Bybit as a Perpetual contract with USDT (

). Under this contract, you can trade SLF with up to 12.5x leverage.

Self Chain's innovative system simplifies keyless multichain web3 access, while the versatile LLM assistant helps efficiently interpret user intent to conduct diverse transactions across networks. This is a functional set that few other projects in the industry can provide. In particular, the keyless wallet solution is something that truly sets Self Chain apart. 

While there are a few crypto projects that utilize an intent-focused approach and AI-based chat assistants, Self Chain’s keyless functionality is a rare feature that will undoubtedly attract interest from a variety of users. Navigating myriad DApps and networks and transacting on them without the need for meticulous private key management has just gotten a lot easier — all thanks to Self Chain and its implementation of MPC-TSS.

Advanced

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Self Chain (SLF): The Future of Secure Private Key Recovery

Stacks is integrating with the Aptos Network to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token.

The SPX index was up by 0.03%, with key sectors underperforming, including healthcare, consumer staples, and real estate, while energy, consumer discretionary, and industrial stocks outperformed. Coindesk Indices, an index measuring broader cryptocurrency market performance, was up by 2.95%, with Bitcoin and Ether rising by 3.62% and 3.16%, respectively, in the past 24 hours.

Today's top performer is SAGA, which surged 27.3% following its announcement of a new economic model focused on sharing in project success rather than charging gas fees.

Saga (SAGA), founded in 2021, is a Layer 1 blockchain protocol that allows developers to create customized chains for their applications, providing shared security and scaling solutions. 

 focuses on sharing in the success of projects built on its platform, rather than charging gas fees. Projects can launch cheaply on Saga's chainlets, and Saga takes a small cut of token activity once bridged through its infrastructure. As projects grow and their tokens become valuable, Saga can hold, use, or sell these tokens to fund ecosystem growth and buy back $SAGA tokens. This creates a network effect where success drives further success, positioning Saga as a key platform for value generation in web3.

Check Out the Latest Prices, Charts, and Data of 

 to bring Bitcoin's utility to decentralized applications through sBTC, a 1:1 Bitcoin-backed token. This integration allows Bitcoin to be used beyond a store of value, enabling participation in DeFi, gaming, AI, and social platforms on Aptos. The integration follows the resolution of an SEC investigation into Stacks, clearing the path for further Bitcoin scaling advancements. Stacks' recent Nakamoto upgrade has improved its transaction speeds and block production, facilitating this new cross-chain capability.

Yesterday, The total flow for BTC Spot ETFs was $186.8 million, with $0 from GBTC and $186.8 million from non-GBTC sources.

 on Optimism’s OP Mainnet, with 185 million WCT tokens being airdropped to users. The airdrop registration opens on September 24, targeting users who engage with WalletConnect or contribute to open-source projects. WCT tokens will drive WalletConnect's governance and economic structure, initially non-transferable until 2025. The newly formed WalletConnect Foundation will oversee the protocol's transition to a permissionless structure. WalletConnect aims to decentralize further and has seen 240% growth in the past year.

Beginner

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Stacks Integrates with Aptos, Expanding Bitcoin’s Utility to dApps and DeFi

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where managing your crypto exchange meets the intellectual challenge of daily Morse code puzzles. Released each day at 7PM UTC, these puzzles do more than just test your mental agility; they offer significant rewards that can enhance your strategic influence in the game.

, challenging you to decipher a Morse code each day. Successfully solving these puzzles not only boosts your coin reserves, but also sharpens your critical thinking skills, enhancing both your gameplay and strategic planning.

Today’s Hamster Kombat Daily Cipher: Sep 18, 2024

 Daily Cipher for Sep 18, 2024, is as follows:

 —•••   ••   —•   •—   —•   —•—•   • 

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today's Daily Cipher and the interactive gaming activities available within 

 provide ample opportunities to boost your coin balance and deepen your engagement with the game. Each puzzle you solve not only contributes to your financial growth, but also refines your analytical skills, making every gaming session both rewarding and intellectually stimulating.

Stay tuned for daily updates and expert strategies to maintain your competitive edge in the thrilling world of 

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 18, 2024)

Bybit Learn

Altcoins

Stablecoin

USD Coin is one of the most popular stablecoins, but what is it and how does it work? Bybit Learn takes a look in this beginner's guide.

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Cryptocurrencies are known for their high level of volatility, as their prices may skyrocket or dramatically drop in a matter of a few hours, let alone days and weeks. Under such circumstances, a solution is required to keep a coin’s price stable while providing users with all the other perks of decentralized payment options.

In this guide, we’re going to review such solutions with a special focus on USDC (USDC), a stablecoin issued by 

 Consortium, LLC, consisting of Circle and Coinbase.

 as “digital units of value that differ from existing forms of currencies and rely on a set of stabilization tools to minimize fluctuations in their price against a currency or basket thereof.” 

Stablecoins are a digital representation of 

 on blockchains, developed to mimic the price of fiat using a stabilization mechanism. This type of cryptocurrency has a stable price, so users can always redeem a single coin for $1 (or for any other currency to which they’re pegged). Stablecoins can also be an instrument for traders to switch to a more stable digital asset when cryptocurrency markets are volatile. 

With the maintenance of a stable rate, regardless of market fluctuations, stablecoins are a financial tool that’s useful for the protection of capital and profits during periods of intense drawdowns. Also, the capability to transfer funds across exchanges without the need to convert them to fiat helps asset holders stay within the cryptocurrency ecosystem. Thus, they’re protected from negative consequences that can arise in some jurisdictions.

Stablecoins are a good solution for unregulated exchanges that don’t provide conversion to fiat currencies. The scope of their application has also been extended to customers with restricted access to foreign currencies. They’re faster and more cost-effective than fiat money. Payments are settled within a minute, as a rule, depending upon the underlying blockchain. Most stablecoins reside on the Ethereum platform. 

The challenges for the widespread adoption of stablecoins include 

 compliance and regulatory uncertainty. The benefits include features such as reduced cost, improved interoperability and speed. 

USDC is a stablecoin pegged to the U.S. dollar, backed by U.S. dollars held in reserve. The white paper for the USDC stablecoin says that it was developed for beginners who want to enter the world of cryptocurrencies safely and without high costs. 

The governments of different countries often resort to a method called quantitative easing, or QE, which implies the issuance of a new supply of money by central banks globally. Acting in this way, they take politically motivated measures to reach certain goals and save certain beneficiaries from collapse, which would harm the economy. QE can, however, cause a range of undesirable consequences, such as inflation or deflation, as well as create favorable conditions for the crypto revolution that’s currently forming the global financial landscape. 

All these changes are actively supported by tech-savvy users, throughout the world, who have become active participants of the cryptocurrency ecosystem. However, there’s still much to do regarding the widespread adoption of this technology. People who are interested in cryptocurrencies may still prefer using traditional money systems, due to security concerns. Factors keeping them away from cryptocurrencies include: 

1. Sophisticated systems employed by different blockchains

The UI and functionalities offered by cryptocurrencies are usually so complicated that only technically skilled customers know how to operate with them. USDC was designed to facilitate the onboarding process.

2. Volatility of the cryptocurrency market 

Cryptocurrencies exhibit excessive volatility, and sudden changes in the price of an asset may be off-putting. Therefore, stablecoins attract beginners looking for a reliable store of value. This is a way to avoid the inherent price volatility of cryptocurrencies, as the essence of a stablecoin is to be an equivalent of fiat currency. As for USDC, its value is equivalent to one U.S. dollar, and its price is kept stable. 

The Centre Consortium introduced the USDC stablecoin as a means of trying to solve these issues and to remove obstacles on the way to widespread cryptocurrency adoption. 

In September 2018, Circle announced the release of a fiat-backed stablecoin, USDC. Previously, Gemini and 

 had already announced stablecoins developed by their platforms. Circle designed USDC in cooperation with BITMAIN, a leading Bitcoin hardware mining manufacturer. It’s worth noting that BITMAIN 

 conducted by Circle in May 2018. The company presented USDC as a more regulated alternative to other cryptocurrencies.

In October 2018, USDC became the first stablecoin that was listed on the then-biggest trading platform, Coinbase. Circle and Coinbase then formed a joint venture known as the Centre Consortium to develop the underlying technology of USDC and to govern it.

USDC was listed on Coinbase in October 2018, and in November 2018, Binance added it to its listing, helping to bootstrap the liquidity of the stablecoin quickly. The popularity of the USD crypto coin increased even more after it became available for trading in over 80 countries. 

This explosive growth followed amidst the reality of the coronavirus pandemic, when people started using USDC as a 

 against fiat currencies. In addition, the development of the decentralized finance (

) sector helped to drive a massive amount of traffic to USDC. Innovative features such as 

 contributed to its growing popularity. This stablecoin has become one of the leading digital assets, with amounts deposited on different DeFi platforms. By 2021, the 

 of USDC exceeded 9 billion after having 

 in 2020, which resulted in its becoming known as the fastest-growing stablecoin in the market. 

In August 2022, Bybit announced its partnership with Circle to promote the use and growth of USDC by providing users with a range of USDC products, such as 

. To make transactions even easier for its customers all over the world, Bybit allows instant auto-conversions between USD & USDC (as well as other Circle-issued stablecoins). 

USDC has been witnessing a notable surge in popularity, reflecting a significant shift in stablecoin market dynamics. Despite Tether's USDT holding a dominant position, with a 70% market share and a market cap of $114 billion, USDC has made impressive gains, increasing its market share by 37% since the collapse of Silicon Valley Bank (SVB) .

The recovery of USDC is particularly notable, given its strong rebound post-SVB collapse as it experienced a temporary dip in market capitalization from $48 billion to $24 billion in 2023. However, in 2024, USDC's market cap has climbed to $34 billion, buoyed by a broad increase in trading volumes — from $9 billion in 2023 to $23 billion in 2024. This recovery was supported as USDC became the first stablecoin to comply with the European Union's Markets in Crypto-Assets (MiCA) regulations, which has significantly enhanced its appeal for institutional investors and in regulated markets .

Furthermore, compliance with MiCA has positioned USDC favorably against other stablecoins, especially in European markets, where regulatory compliance is highly valued. This alignment with regulatory standards has contributed to USDC capturing 95% of large transaction volumes, indicating a strong preference among large-scale investors and institutions for regulated stablecoins .

Overall, the stablecoin market is continuing to grow, with a total market cap reaching $160 billion as of the latest data. This growth underscores the increasing reliance on and confidence in stablecoins like USDT and USDC as viable financial tools, in both stable and turbulent economic times.

As of Aug 2, 2024, the circulating supply of USDC is 32.9 billion. Its current 24-hour trading volume is $9 billion, and its market cap is $32.9 billion. Its future is likely to continue to be positive with the maturity of infrastructure around 

The journey of USDC has been marked by significant technological advancements, starting with the release of USDC 2.0 in August 2020. This version was a pivotal upgrade by the Centre Consortium, introducing functionalities designed to enhance the usability of digital wallets and services supporting stablecoins. USDC 2.0 featured an innovative gasless 

 feature that allowed wallet developers to manage network fees directly in USDC instead of ETH, thus removing a significant barrier to mainstream adoption. This upgrade ensured full compatibility with existing infrastructures, facilitating seamless integration into payment systems, peer-to-peer transactions and e-commerce.

Building on this foundation, Circle introduced USDC v2.2 in November 2023, with the upgrade being rolled out across various networks into early 2024. This latest version introduces substantial improvements, such as reducing gas costs, bolstering security measures and supporting account abstraction on 

Notably, v2.2 adopts EIP-1271 to enable transactions from smart contract wallets, expanding usability within the decentralized finance (DeFi) ecosystem. This version further optimizes blocklist checks and enhances efficiency, resulting in reduced transaction costs and an improved user experience. All changes in USDC v2.2 are fully backward-compatible, require no action from users or developers and have been rigorously audited to ensure the highest standards of security and reliability.

These upgrades reflect USDC's commitment to innovation and its desire to maintain a leading edge in the rapidly evolving digital currency space. By continuously enhancing its features, USDC is setting a standard for stablecoin functionality, paving the way for more widespread adoption and integration into global financial systems. For developers and users eager to dive deeper into the technical details or engage with the community, Circle encourages joining the discussions on their Discord channel or exploring further through their community resources.

USDC upholds its 1:1 parity with the U.S. dollar by guaranteeing that each circulating USDC token is supported by an equal amount of U.S. dollars or comparable assets. Circle achieves this equilibrium by holding both cash and cash equivalents that match the circulating supply of USDC, thus maintaining the reserve balance.

The process of creating new USDC is known as minting, whereby businesses deposit U.S. dollars into their Circle Accounts and receive an equivalent amount of USDC. Conversely, when USDC is redeemed for U.S. dollars, the process is called burning, which removes the equivalent amount of USDC from circulation.

 token on the Ethereum blockchain, but has expanded its presence to other blockchain networks as well. This broad compatibility makes USDC a versatile digital currency, suitable for a wide range of applications.

The USDC ERC-20 token creates payment, lending, investing and trading possibilities. The ecosystem grows with the addition of other tokens and tokenization of goods and services, while the smart contract facilities become the fundamental building blocks of value exchange. The open-source framework developed by the Centre Consortium team enabled the interaction of fiat money with smart contracts, thus providing the possibility of using real-world currencies in blockchain applications. 

The USDC token is used for quick remittances and payments throughout the globe. Customers only need to have wallets and internet access to take advantage of uncensorable interoperable transactions. It’s possible to send large amounts to any location at a low fee. Since it’s a matter of minutes, this type of cryptocurrency asset is irreplaceable for holders. Apart from almost instant settlement, the benefits include round-the-clock availability, irreversibility and lower counterparty risks. 

In comparison with fiat currencies, USDC offers a wide range of uses, including higher leveraged trading and low-cost and secure transactions. The asset can also be used in the DeFi sector when buying cryptocurrency products in 

With this cryptocurrency asset, banking becomes available for the unbanked. It is often regarded as an alternative to traditional finance that brings the democratization process to the international financial system via blockchain technologies. 

Transparency of USDC is guaranteed due to their regulation and full support by U.S. institutional bodies. The issuers of USDC issuers are obliged to deliver transparency to customers. 

The stablecoins developed by Centre Consortium — USDC and Euro Coin — are issued by regulated, licensed financial institutions that maintain full reserves of the equivalent fiat currency. The USDC reserves are kept in a special bank account that is monitored and regularly audited. You can find 

The combination of cryptocurrency properties and a guarantee of USDC’s value granted by leading cryptocurrency giants (Coinbase, Circle and Bybit) contributes to the adoption of USDC in the world. 

The transparency of USDC is highly assessed by experts, especially after the reputations of Tether and Bitfinex were compromised by the investigation initiated by the New York Attorney General’s office. However, it didn’t blemish the reputation of stablecoins. On the contrary, this case emphasized the need for a legitimate and regulated stablecoin. 

Sign up for a Bybit account, or log in to your existing Bybit account to buy stablecoins via the 

. Select USDC through the drop-down box, choose a preferred fiat currency, then go to your cart and check out with your preferred payment method. Upon any successful purchases, the USDC should reflect in your Spot Account within five minutes. Alternatively, you may also purchase USDT directly using your credit or debit card via the One-Click Buy portal and then convert the purchased USDT to USDC via the Bybit Convert function.

Select a preferred advertiser with your ideal USDC price listed on the 

, then proceed with the selected payment method. The purchased coins should reflect in the asset wallet once the seller has successfully released the coins.

Enjoy competitive P2P trading prices for purchases, with 0% trading fees and multiple payment methods. Users can buy and sell USDC with local currencies to choose from, such as HKD, IDR, JPY, MYR, PHP, RUB and UAH.

When USDC gained popularity in 2020, users started storing their USDC in personal wallets. Since USDC is powered by Ethereum, there are many ways to store the asset, with the two basic types being either ERC-20–compatible wallets or hardware wallets. 

Any Ethereum wallet can be used for this purpose, for example Atomic Wallet, Coinbase Wallet, MyEtherWallet, Coinomi, AlphaWallet, MetaMask, BitGo and others. As for hardware wallets, the Ledger wallet is the most secure option.

Bybit has just introduced its latest USDC Euphoria campaign, featuring four events that offer you a chance to win a share of the 130,000 USDC prize pool and earn up to 500% APR. The campaign runs through Aug 22, 2024, 10AM UTC.

New to crypto? Make your first deposit of at least 100 USDC via the following eligible methods to claim your share of 40,000 USDC in airdrops! Please note that rewards will be distributed on a first-come, first-served basis to the first 4,000 users.

Event 2: USDC Lucky Raffle — 30,000 USDC Up for Grabs

Participate in the USDC Lucky Raffle for a chance to win a share of 30,000 USDC. Simply complete a series of tasks to earn lucky draw tickets, which you can use to enter the Raffle.

Event 3: USDC Splash — Claim Your Share of the 60,000 USDC Prize Pool

Looking to trade USDC? Now’s the time! Make a deposit of at least 200 USDC after registration, and trade at least 1,000 USDC worth of assets on USDC Spot pairs or USDC-settled Perpetual and Futures contracts to win a share of the 60,000 USDC prize pool. The more you deposit, the bigger your share of the prize pool!

Event 4: Bybit Savings New Users Perk — Enjoy Up to 500% APR

? The USDC Euphoria campaign allows you to earn up to 500% APR when you stake USDC on 

. Simply make a first deposit of at least 100 USDC after registration, and stake between 100 to 300 USDC with our exclusive three-day USDC Flexible Savings plan to earn up to 500% APR. 

For more information regarding the events, 

While Bitcoin’s currently high volatility makes the future of its mass adoption for daily payments questionable, there are high hopes that stablecoins such as USDC have a chance to change the situation. This stablecoin is a great solution, with many possible use cases and a bright future.

A Beginner’s Guide: What Is USDC and How Does It Work?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards