$USDC $USDC refers to USD Coin, which is a regulated, fully-backed stablecoin pegged 1:1 to the U.S. dollar.

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๐Ÿ” Quick Overview of $USDC:

Feature Details

Full Name USD Coin

Ticker $USDC

Type Stablecoin

Peg 1 USDC = 1 USD

Blockchain Ethereum (ERC-20), but also available on Solana, Avalanche, Base, Polygon, Arbitrum, and others

Issuer Circle (and formerly in partnership with Coinbase via the CENTRE Consortium)

Backed By U.S. dollar reserves (cash & short-term U.S. Treasuries)

Use Cases Payments, DeFi, trading, cross-border transfers, yield farming

Regulation Issued by a U.S.-regulated financial institution (Circle), with