How does Axie Infinity use the USDC stablecoin?

3 answers

• Nov 27, 2021 · 3 years ago
  Axie Infinity is a popular blockchain-based game that allows players to collect, breed, and battle digital creatures called Axies. The game has its own in-game currency called Smooth Love Potion (SLP), which is used for various in-game activities. However, Axie Infinity also accepts the USDC stablecoin as a form of payment. This allows players to purchase Axies, items, and other in-game assets using USDC, providing an alternative payment option for those who prefer to use stablecoins. By accepting USDC, Axie Infinity aims to provide more flexibility and convenience for its players, especially those who are already familiar with using cryptocurrencies.
  659330
• Nov 27, 2021 · 3 years ago
  Axie Infinity's integration of the USDC stablecoin brings several benefits to its ecosystem. Firstly, it provides a stable store of value for players who want to hold their assets in a stable currency without being exposed to the volatility of cryptocurrencies like Ether or Bitcoin. Secondly, it enables seamless cross-border transactions, as USDC is a global digital currency that can be easily transferred between different wallets and exchanges. Lastly, by accepting USDC, Axie Infinity expands its user base by attracting users who are already holding USDC or are interested in using stablecoins for their transactions. Overall, the integration of USDC enhances the accessibility and usability of Axie Infinity's ecosystem.
  728243
• Nov 27, 2021 · 3 years ago
  In addition to its own in-game currency, Axie Infinity has partnered with various platforms and exchanges to allow players to buy and sell Axies using USDC. One such platform is BYDFi, a decentralized exchange that supports USDC trading pairs. Through this partnership, Axie Infinity players can easily convert their USDC into other cryptocurrencies or fiat currencies, providing them with more liquidity and flexibility in managing their assets. BYDFi's integration with Axie Infinity further strengthens the utility of USDC within the game's ecosystem, making it easier for players to participate in the Axie Infinity economy.
  628157