๐Ÿ’ต What is $USDC ?

USDC (USD Coin) is a fully backed, regulated stablecoin pegged 1:1 to the U.S. dollar.

It was launched in 2018 by Circle and Coinbase, and is governed by the Centre Consortium.

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๐Ÿ” Key Features:

Stable Value: Always aims to equal 1 USD.

Fully Backed: 100% backed by cash and short-term U.S. Treasury bonds.

Regulated: Issued by licensed financial institutions.

Multi-Chain: Available on Ethereum, Solana, Avalanche, Base, and more.

Audited Reserves: Regular attestations by top accounting firms.

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๐Ÿ”„ Use Cases:

Trading & Hedging

DeFi lending & staking

On-chain payments & remittances

Institutional settlement

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๐Ÿง  Why It Matters on Binance:

Pairs with major crypto assets for low-volatility trading.

Often used in DeFi protocols for yield generation.

Plays a major role in cross-border transfers and stable DeFi infrastructure.