Have you heard about digital dollars? Experts describe it as the next generation of global currency. In this post we will talk about what digital dollars actually are, and why holding this currency might be one of the best options available to you if you are looking to achieve financial stability and beat inflation.
To beat inflation, we need to find ways to grow our money faster than the rate of inflation. Digital dollars provide a secure and convenient way to do just that. Digital dollars are a type of cryptocurrency known as a stablecoin, and the value of one digital dollar is equivalent to one US dollar. This means that every digital dollar of USDC is 100% backed by cash and short-dated US Treasuries that are held in the custody of leading financial institutions, so that USDC is always redeemable 1:1 for US dollars.
Here are some facts about USDC, from the issuer Circle, which is a regulated and licensed financial institution in the United States:
As a result, USDC is a trusted, widely accepted digital dollar. You can hold USDC in your virtual Noba account, and send it anywhere in the world. By converting some of your savings into USDC using your Noba account, you can benefit from the power of US dollars, and thereby protect your money from the effects of devaluation. Once your money is deposited into your Noba account, you can easily access your savings from anywhere in the world and avoid the high fees and restrictions associated with traditional banks.
Now you know one way to preserve your wealth and beat the effects of inflation is strategically saving in USDC. These savings can give you the stability you are looking for in your finances and protect your patrimony for the future.
If you have a business in Colombia and are interested in learning more about our solution for your employees to receive a portion of their salaries in digital dollars, let’s talk! Please reach out to our team here.