USDC (USDC)
- Official Website: circle.com
- Definition: USD Coin is a stablecoin pegged to the US dollar, issued by Circle.
- Category: Stablecoin, Token.
- What It Is: A cryptocurrency backed by fiat reserves, providing price stability.
- Function: Used for trading, remittances, and as a stable store of value.
- Analogy: Think of USDC as a digital bank account. It’s secure, stable, and always worth $1.
- Pros: Price stability, transparency, regulatory compliance.
- Cons: Centralization, reliance on Circle’s reserves.
- Controversies: Concerns over reserve audits, competition with other stablecoins.
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This page was last updated on January 28, 2025.
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