$USDC

The USDC (USD Coin) is a stablecoin pegged to the US dollar, designed to provide stability and transparency in the world of digital currencies. Here’s a comprehensive and updated overview of USDC:

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💡 What is USDC?

• Symbol: USDC

• Value: Always approximately equal to 1 US dollar

• Issuer: Circle in collaboration with Coinbase, under the management of a consortium called Centre Consortium

• Initial launch: 2018

• Purpose: To enable stable and fast digital payments and transfers

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🧱 How does USDC work?

• When you buy USDC, the issuing company reserves an equivalent amount in dollars (or equivalent assets) in a bank account or short-term treasury bonds.

• USDC can be redeemed at any time for 1 US dollar.

• Smart contracts on blockchains like Ethereum, Solana, Base, and Polygon are used to ensure transparency and security.