StablecoinExplained
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$USDC
USDC (USD Coin) is a type of stablecoin, a digital currency pegged 1:1 to the U.S. dollar. Issued by Circle and governed by the Centre consortium, USDC is fully backed by reserves such as cash and short-term U.S. Treasuries. It operates on various blockchains like Ethereum, Solana, and Avalanche, allowing fast, low-cost transactions. USDC is widely used in decentralized finance (DeFi), remittances, and as a stable store of value in volatile crypto markets. Regular audits and transparency reports aim to ensure trust and stability, making USDC a reliable bridge between traditional finance and blockchain technology.
#StablecoinExplained
USDC (USD Coin) is a type of stablecoin, a digital currency pegged 1:1 to the U.S. dollar. Issued by Circle and governed by the Centre consortium, USDC is fully backed by reserves such as cash and short-term U.S. Treasuries. It operates on various blockchains like Ethereum, Solana, and Avalanche, allowing fast, low-cost transactions. USDC is widely used in decentralized finance (DeFi), remittances, and as a stable store of value in volatile crypto markets. Regular audits and transparency reports aim to ensure trust and stability, making USDC a reliable bridge between traditional finance and blockchain technology.
#StablecoinExplained
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