What Is USDC?
USDC (USD Coin) is a stablecoin — a type of cryptocurrency designed to stay pegged 1:1 to the US dollar. That means 1 USDC is meant to equal roughly $1 USD. It was launched in 2018 by the company Circle (originally with Coinbase’s Centre Consortium). $USDC
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🧠 How It Works
Fully backed by real assets — for every USDC in circulation, there’s cash or cash-equivalent reserves (like short-term U.S. government bonds) held by regulators and audited regularly. �
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Stable value — because it’s backed by real reserves and designed to track the U.S. dollar closely, it doesn’t swing up and down in price like many other cryptocurrencies.
Blockchain based — USDC is issued on many blockchains (Ethereum, Solana, Polygon, and others), so it can move across networks and be used wherever digital assets are supported. #USDC