🌟 What is USDC and why is it always “1 dollar”? 🌟
USDC is a trusted stablecoin that is always equal to $1 💵, thanks to a simple mechanism:
1. 1:1 Backing – for every USDC in circulation, $1 or equivalent high-liquidity assets (deposits, short-term government bonds) are actually held.
2. Mint & Burn – you bring in a dollar – USDC is “minted”; you return USDC – it is “burned”, and you get your $ back.
3. Audits and Reports – monthly attestations (Grant Thornton, Deloitte) confirm the existence of reserves.
It is this transparency and reliability that make USDC stable: one token = one dollar 💪.
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✅ Why is this important?
No volatility – perfect for trading and holding funds.
Fast transactions 24/7 – no banking holidays.
Maximum transparency of reserves – no uncertainty.
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