USD Coin (USDC) is a type of cryptocurrency known as a stablecoin. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, USDC is pegged 1:1 to the U.S. dollar. That means for every USDC token in circulation, there is an equivalent U.S. dollar held in reserve, making its value relatively stable.
USDC is widely used for fast, low-cost transactions, decentralized finance (DeFi), and as a digital dollar for global payments. It's issued by Circle and backed by transparent audits to ensure trust. With stability and blockchain speed, USDC bridges the gap between traditional finance and the crypto world.
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What is USDC? A Quick Look
USD Coin (USDC) is a type of cryptocurrency known as a stablecoin. Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, USDC is pegged 1:1 to the U.S. dollar. That means for every USDC token in circulation, there is an equivalent U.S. dollar held in reserve, making its value relatively stable.
USDC is widely used for fast, low-cost transactions, decentralized finance (DeFi), and as a digital dollar for global payments. It's issued by Circle and backed by transparent audits to ensure trust. With stability and blockchain speed, USDC bridges the gap between traditional finance and the crypto world.