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What Is USD Coin ($USDC )? USD Coin (USDC) is a digital currency that is fully backed by U.S. dollar assets. USDC is a tokenized U.S. dollar, with the value of one USDC coin pegged as close to the value of one U.S. dollar as it can get. The value of USDC is designed to remain stable, making USDC a stablecoin. Stablecoins are commonly backed by reserve assets like dollars or euros to achieve price stability. The price stability of USDC contrasts sharply with the notorious price fluctuations of other cryptocurrencies like Bitcoin and Ethereum. Keep reading about USDC more about USDC, including how it works and the various use cases for the digital currency.
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