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A stable crypto coin created by Circle with a value pegged one-to-one to the US dollar and cleverly named US Dollar Coin or US Dollar Circle – USDC. Ostensibly it is fully backed by dollar reserves. It is valued and can be considered the same as a US dollar, but can be transacted on crypto exchanges and on the Ethereum and other blockchains.

Degen Chat

“I don’t like the market outlook. Too much China FUD. I’m selling my Bitcoin and going to play it safe in USDC for a while.”

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