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What is USDC?

USDC (USD Coin) is a stablecoin launched in 2018, pegged 1:1 to the US dollar.

It’s an ERC-20 token built on the Ethereum blockchain, with a market cap of over $40 billion as of early 2022.

USDC enables the fast, easy, and stable transfer of value across borders, without the volatility of other cryptocurrencies. It’s widely accepted as a form of payment and collateral by many exchanges and platforms.

The token is backed by a reserve of US dollars held by regulated financial institutions, with regular audits to ensure full backing. This provides stability and transparency in the cryptocurrency market.

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