#OnChainInsights

New quiz available, friends

take it and win 0.5 usdc

Key takeaways

USDC is a digital dollar backed 100% by US dollars in the form of highly liquid cash and cash-equivalent assets, and is redeemable 1:1 for US dollars. It enables near-instant and frictionless transactions and is available on the world’s leading blockchain networks, making it a secure and stable currency for the digital age.

Introduction

USDC has emerged as the world’s largest regulated and trusted digital dollar. Issued by Circle, USDC seamlessly combines the stability of the US dollar with the efficiencies of blockchain. USDC is designed to be secure, stable, frictionless and open. In short, USDC:

Moves faster and cheaper than fiat money.

Offers near-instant availability 24/7 in over 180 countries.

Serves as a stable source of value that is fully reserved.

Adheres to stringent U.S. regulatory standards.