#CryptoStocks

🌐 What is USDC?

It is a stablecoin backed 1:1 by dollars and equivalents, issued by Circle (in collaboration with Coinbase).

It is available on multiple chains (Ethereum ERC-20, Solana, Polygon, Base, Arbitrum, Avalanche...), facilitating quick transfers and use in DeFi.

Circle publishes monthly attestations about its reserves (cash and U.S. Treasuries), although not necessarily a complete audit.

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🔍 Use and relevance

It is widely used as a bridge between crypto and fiat finance, avoiding the volatility of other cryptocurrencies.

Preferred base for trading, payments, sending between platforms, and deposits in DeFi.

Recently surpassed Tether in volume.