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USD Coin (USDC) is a type of digital money that's tied to the value of the U.S. dollar. It's like having a digital version of a dollar bill. The value of one USDC is equal to one U.S. dollar, so it stays stable, and that's why it's called a "stablecoin".

Stablecoins, like USDC, are different from other cryptocurrencies like Bitcoin and Ethereum because they don't have crazy price changes. They're the calm, steady players in the digital money world.

Why Stablecoins (like USDC) Over Traditional USD?

Easy Access: Anyone can use stablecoins like USDC worldwide without needing a regular bank account. This makes it easier for people who don't have access to traditional banks to manage their money and make transactions across borders.
Cheap Transactions: It's usually cheaper to use stablecoins for transactions because the fees are lower than those charged by regular banks, especially for sending money internationally.
Quick Transactions: Stablecoins use blockchain technology, which makes transactions faster and smoother compared to traditional banks.


Transparency: Unlike USDT, USDC is the more transparent option, offering itself to independent party audits
Stability: USDC has a straightforward cash reserve, unlike USDT that has more complicated assets
USDC is held in US regulated financial institutions

Updated on: 09/02/2024

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