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USD Coin (USDC)

What is it?

As the name suggests, USDC has a relationship with the US Dollar, managed by Circle. It’s designed to be a stablecoin that’s pegged to the dollar on a 1:1 basis. Every unit of USDC in circulation is backed up by $1 held in reserve by Circle.

USD Coin (USDC) - Tokens_header_image

Why trade it?

USD coin functions as a digital version of the US Dollar, and in the volatile world of crypto, its relative stability is attractive to many traders.

Did you know…

USDC issuers have to report their holdings every month – this is published online for anyone to view.

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