USDC is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds.
The current value of 1 USDC is $1.00 USD. In other words, to buy 5 USDC, it would cost you $5.00 USD.
USDC was created by Centre, a joint venture between two cryptosphere giants: Circle and Coinbase. Circle: Founded in 2013 by Jeremy Allaire and Sean Neville, Circle is a fintech company that has positioned itself as a crypto payment and exchange platform.
USDT is issued by Tether, a company owned by iFinex, the Hong Kong-registered company that also owns the crypto exchange BitFinex.
According to price prediction input for USDC, the value of USDC may increase by +5% and reach $1.276269 by 2030.
USDC is a fully reserved stablecoin, which is a type of cryptocurrency, or digital dollar. Unlike other cryptocurrencies that fluctuate in price, USDC is designed to maintain price equivalence to the US dollar. USDC is a stable store of value that benefits from the speed and security of blockchain technology.
And you earn interest on your USDC through crypto lending platforms, savings or growth accounts, crypto exchanges, lending services, staking, and yield farming.
USDC is generally viewed as safe due to its transparency and regulatory compliance, though its value depends on its peg and issuer stability.
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