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Key takeaways

USDC is a digital dollar backed 100% by US dollars in the form of highly liquid cash and cash-equivalent assets, and it is redeemable 1:1 for US dollars. It allows for nearly instant and frictionless transactions and is available on the world’s major blockchain networks, making it a safe and stable currency for the digital age.

Introduction

USDC has emerged as the largest regulated and trusted digital dollar in the world. Issued by Circle, USDC perfectly combines the stability of the US dollar with the efficiencies of blockchain. USDC is designed to be secure, stable, frictionless, and open. In summary, USDC:

Moves faster and cheaper than fiat money.

Offers nearly instant availability 24 hours a day, 7 days a week in over 180 countries.

Serves as a stable source of value that is fully reserved.

Adheres to the strict regulatory standards of the US.