$USDC $USDC (USD Coin) is a stablecoin pegged to the U.S. dollar, meaning 1 USDC ≈ 1 USD. Here are some key details:

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🔹 What is USDC?

Issued by: Circle (in partnership with Coinbase via Centre Consortium)

Blockchain Support: Ethereum (ERC-20), Solana, Avalanche, Polygon, and more

Backing: Fully backed by reserves—cash and short-term U.S. Treasuries

Use Cases:

Trading and arbitrage

DeFi (lending, yield farming)

Cross-border payments

On-chain savings and payments

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🔹 Benefits

Stability: Pegged to USD, lower volatility

Transparency: Monthly reserve attestations by auditors

Speed: Faster and cheaper international transactions than banks

Regulatory compliant: