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💵 What is USDC (USD Coin)?
USDC is a stable cryptocurrency (known as a stablecoin) that is pegged to the US dollar at a 1:1 ratio. In practice, this means that 1 USDC = 1 USD – and the goal of this cryptocurrency is to eliminate the volatility typical of the digital asset market.
🔒 Security and transparency:
USDC is issued by Circle in collaboration with Coinbase and is regularly audited. The reserves that back USDC are held in cash and short-term US government bonds, ensuring a high level of trustworthiness.
📲 Use of USDC:
Fast and cheap money transfers around the world 🌍
Trading on exchanges without concerns about price fluctuations
Participation in DeFi applications (e.g., staking, yield farming)
Stable store of value in the digital space
⚖️ Advantage over traditional USD?
Unlike traditional dollars in the bank, USDC can be easily used in blockchain ecosystems, 24/7, without intermediaries and borders.
