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Modus Docs
  • 👋Welcome to Modus
  • Overview
    • 💡What we do
    • 🌊Profit Waterfall
    • 🔎Structure & Due Diligence
    • ✨Our Features
    • Ⓜ️MODUS Members Token
    • 🛣️Roadmap
    • 💰Stablecoin
    • 🏗️Project (Return) Tokens
      • 🧊Issuance Process
      • ⏳Post-project Staking
    • 🗝️Treasury Policy
      • 🔥Token Burn
      • ⛲Reserve Replenishment
    • 📊Tokenomics
    • ➡️Detailed Process
      • 🔄Liquidation Process
    • ❔FAQs
      • 🏗️Developments
      • 💻Platform
      • 🪙Tokens
  • Fundamentals
    • ✅Getting set up
      • 3️⃣Web3 Wallet
      • 🆔KYC
      • 🔢Select Tier
      • Ⓜ️Purchase $MODUS
      • 🔐Stake $MODUS
      • 🌱Invest
  • Use Cases
    • 💻For Investors
    • 🛠️For Property Developers
    • 📊For HNWIs & Institutions
  • Copy of Use Cases
    • Modus Website
    • Launch Modus Platform
    • CoinGecko Link (TBA)
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Tokens

Why use USDC as a Stablecoin?

Cryptocurrencies in general are renowned to be rather volatile therefore, to make transactions more predictable, the Modus dApp will handle the acquisition of Property Development SPV share purchases and investment returns in the stablecoin $USDC.

Each $USDC is backed by cash, equivalents, and short-duration U.S. Treasuries, so that it is always redeemable on a 1:1 basis for US Dollars. $USDC is simply a digital dollar and is therefore pegged to the USD. However, it can easily be used across the world and across blockchains, with near instant settlement. Although there are other Stablecoins available, $USDC has been chosen because it is issued by the regulated financial institution Circle and sponsored by the publicly listed exchange Coinbase.

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Last updated 1 year ago

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