$USDC (USD Coin) is a regulated, fully-backed stablecoin pegged 1:1 to the U.S. dollar. Here are the key facts:
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What Is USDC?
Issuer: Managed by Centre Consortium, co-founded by Circle and Coinbase.
Peg: 1 USDC = 1 USD (backed by dollar-denominated reserves).
Blockchain Support: Available on Ethereum, Solana, Avalanche, Polygon, Arbitrum, Base, and more.
Use Cases:
Trading and arbitrage on crypto exchanges
Cross-border payments and remittances
DeFi applications (e.g., lending, yield farming)
Stable store of value in volatile markets
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Fully Backed: Circle publishes monthly attestations by third-party firms (like Deloitte) to verify that USDC is backed by U.S. dollar reserves (cash and short-term U.S. treasuries).
Regulation: Circle is regulated under U.S. money transmission laws.
Transparency: Regular reports and real-time tracking via Circle’s official website.
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Where Can You Use USDC?
Crypto Exchanges: Binance, Coinbase, Kraken, etc.
DeFi Platforms: Aave, Compound, Uniswap
Stablecoin Cards: Via partners like Stables or MoonPay with Mastercard
Payment Integrations: Shopify, Stripe (in some jurisdictions), and Circle’s APIs
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Recent Developments (2025)
Expansion into Asia and Latin America for remittances
USDC on new chains (e.g., zkSync, Scroll)
Circle's push toward IPO and stronger regulatory compliance
