What is USDC?
The $USDC (USD Coin) is a stablecoin — that is, a cryptocurrency tied to the value of the US dollar.
Each USDC is equivalent to 1 dollar, and its main objective is to offer stability within the crypto market, which is known for its volatility.
It was created by Circle in partnership with Coinbase, and is fully backed by reserves in dollars or equivalent assets, with regular audits to ensure its transparency.
USDC is widely used for:
Fast international transfers
Storing value with less risk of fluctuation
Making trades without needing to convert directly to fiat currency
In addition, it is accepted on various blockchains such as Ethereum, Solana, Polygon, among others.
In summary:
USDC combines the best of both worlds: the agility of cryptos with the stability of the dollar.
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