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Stablecoin: USDC (USD Coin) is a stablecoin, meaning its value is designed to remain pegged to a stable asset, typically the US Dollar.

Purpose: Its primary purpose is to offer a stable digital currency for various cryptocurrency activities, including trading, lending, and payments, without the volatility associated with other cryptocurrencies like Bitcoin or Ethereum.

Backing:USDC is backed by reserves of US dollar-denominated assets, which are regularly audited for transparency.

The future of USDC, as a stablecoin, is tied to the broader regulatory landscape for digital assets, its continued adoption by users and platforms, and the ongoing trust in its backing and auditing processes.