USD Coin (USDC) is a stablecoin pegged to the US dollar held in reserve. Launched in 2018 by Circle and Coinbase, USDC provides a medium of exchange for digital transactions, offering the benefits of cryptocurrency while mitigating the price volatility associated with other digital assets like Bitcoin and Ethereum. USDC is widely used in decentralized finance (DeFi) applications, remittances, online payments, and other use cases where stability and reliability are paramount.
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