$USDC Here are short notes on USDC (USD Coin):

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What is USDC?

USDC is a stablecoin pegged to the U.S. Dollar (1 USDC ≈ 1 USD).

Issued by Circle and Coinbase through the Centre Consortium.

Key Features

Fully backed by reserves (cash & short-term U.S. Treasuries).

Built on multiple blockchains: Ethereum (ERC-20), Solana, Avalanche, Algorand, and more.

Transparency: Regular attestations by third-party firms to verify reserves.

Fast and cheap transfers compared to traditional banking.

Programmable money — used in DeFi, payments, remittances, etc.

Use Cases

Trading & investing

Cross-border payments

Lending/borrowing in DeFi

Hedge against crypto volatility

Risks

Reliance on custodians and regulatory compliance

Risk of depegging in extreme scenarios

Subject to government regulations and policy changes