$USDC

**What is USDC?**

USDC (USD Coin) is a stablecoin backed by the US dollar at a 1:1 ratio, meaning that each USDC unit is equivalent to one dollar backed by cash reserves and liquid assets. It was developed by **Circle** and **Coinbase**, and operates on multiple blockchain networks such as **Ethereum**, **Solana**, and **Polygon**.

USDC is characterized by its transparency, as it is subject to regular audits to ensure reserves are covered. It is used for fast, low-cost transfers, trading, and decentralized finance (DeFi). It is a safe option for holding stable value in the highly volatile world of cryptocurrencies.

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