$USDC
USDC (USD Coin) is a fully reserved stablecoin issued by Circle, pegged 1:1 to the U.S. dollar. Each USDC is backed by cash and cash-equivalent assets, such as short-term U.S. Treasuries, held in regulated U.S. financial institutions. This ensures its stability and 1:1 redeemability. USDC operates across multiple blockchains, including Ethereum, Solana, and Polygon, facilitating fast and low-cost transactions globally. It's widely used for payments, savings, trading, and decentralized finance (DeFi) applications. Circle maintains transparency with monthly attestations and audits by Deloitte, bolstering trust among users and institutions.
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#USDC #Stablecoin #CryptoPayments #Blockchain #DigitalDollar #Circle
