$USDC

What is USDC? The core role of stablecoins you should know!

In the world of cryptocurrency, **stablecoins** serve as a key bridge connecting traditional finance with the blockchain ecosystem. Among them, **USDC (USD Coin)** is one of the most widely accepted stablecoins with high transparency and compliance.

✅ What is USDC?

USDC is a cryptocurrency backed 1:1 by the US dollar, launched jointly by the American fintech company Circle and Coinbase, using blockchain technology to achieve a stable digital dollar. Each USDC is backed by corresponding cash or cash-equivalent reserves, which are regularly audited by a third-party accounting firm.

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🔍 Features of USDC:

• Transparent and compliant: Issued by regulated financial institutions, with regular public reserve audit reports.

• Multi-chain support: USDC is issued on multiple mainstream public chains such as Ethereum, Solana, Avalanche, Arbitrum, Optimism, Base, and Polygon, providing extensive support.

• Diverse use cases: Usable for cross-border payments, DeFi, NFT trading, market making, lending, and other scenarios.

• Low volatility: The value remains stable close to 1 US dollar, making it a high-quality tool for hedging and value stability.