USD Coin
About USD Coin
A stablecoin pegged to the US dollar, issued by Circle. USDC is considered more transparent than Tether, with regular attestations of reserves. USDC is widely used in DeFi protocols and as a trading pair on exchanges. The coin operates on multiple blockchains including Ethereum, Solana, and Polygon. USDC temporarily depegged from the dollar in March 2023 after the collapse of Silicon Valley Bank, falling to 87 cents before recovering. Over 40 billion USDC are in circulation.
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