$USDC

1. Foundation and Source

• Developers: USDC was launched by Circle in collaboration with Coinbase as part of a consortium known as Centre.

• Objective: To provide a stable, secure, and transparent digital currency for use in digital transfers and financial transactions within the cryptocurrency environment.

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✅ 2. Mechanism of Pegging to the Dollar

• Asset Backing: Reserve assets (such as US dollars or their equivalent in other highly liquid assets) are held in a ratio equal to the value of the issued USDC.