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Overnight
Question
cryptoHugo
@voz64fish · Oct 20, 2023, 20:53
Is there any decrease in value just by holding USD+?
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Comments (1)
reddigy
@gpe75fish · Oct 20, 2023, 21:00
Yes, the quantity of your USD+ holdings can decrease.
USD+ operates behind the scenes in various DeFi platforms, and if there are losses in these operations, the supply of USD+ shrinks.
In other words, if you hold 100 USD+, even without taking any action, your holdings could decrease to 98 USD+.
Since the value of USD+ is pegged at 1 USDC, this means that in terms of value, your assets could potentially decrease from 100 USDC to 98 USDC.
USD+ operates behind the scenes in various DeFi platforms, and if there are losses in these operations, the supply of USD+ shrinks.
In other words, if you hold 100 USD+, even without taking any action, your holdings could decrease to 98 USD+.
Since the value of USD+ is pegged at 1 USDC, this means that in terms of value, your assets could potentially decrease from 100 USDC to 98 USDC.
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