#bainacesquare
How USDC works... Each USDC unit is backed by one US dollar, or its equivalent in dollar-denominated assets, deposited in accounts at regulated financial institutions in the United States.
This ensures that the value of the digital currency is linked to a real and verifiable financial value, where one dollar is held in reserve for every USDC token in circulation.
Cryptocurrency investors use USDC for its stability, as they store their assets in US dollars digitally on trading platforms or digital wallets, allowing them to easily purchase other cryptocurrencies when needed.
Thus, they maintain the value of their assets in dollars with easy access to the cryptocurrency market.
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