#CryptoSecurity101 🪙 What Is USDC (USD Coin)?

USDC (USD Coin) is a stablecoin—a type of cryptocurrency that is pegged to the U.S. dollar (1 USDC ≈ 1 USD). It was launched in 2018 by Circle and Coinbase, and it’s managed by the Centre Consortium.

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🔍 Key Features of USDC:

• Stability: Unlike Bitcoin or Dogecoin, USDC is designed to maintain a stable value, which makes it useful for payments, savings, and trading.

• Fully Backed: Each USDC is backed by real U.S. dollars or equivalent assets held in reserve. These reserves are regularly audited.

• Blockchain-Based: USDC is available on multiple blockchains including Ethereum, Solana, Polygon, and more.

• Regulated: Issued by a U.S.-based fintech company and subject to regulatory oversight.