$USDC $USDC (USD Coin) is a stablecoin that is pegged 1:1 to the U.S. dollar. Here’s a quick overview:
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🔹 What is USDC?
Type: Stablecoin
Value: 1 USDC ≈ 1 USD (designed to be stable)
Issuer: Circle (in partnership with Coinbase through the CENTRE consortium)
Blockchain: Available on Ethereum, Solana, Polygon, Avalanche, and more.
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🔹 Key Features
Stable Value: Pegged to USD and backed by cash or short-term U.S. Treasury reserves.
Transparency: Monthly audits by third-party firms to verify reserve holdings.
Use Cases:
Crypto trading without volatility
Cross-border transfers
Payments and DeFi applications
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🔹 Recent Price
Typically: $1.00 USD
May slightly fluctuate (e.g., $0.999 to $1.001) during high demand or market disruptions.
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