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an open source, fully collateralized, smart contract based US dollar stablecoin

USDC (USDC) is an open source, fully collateralized, smart contract based US dollar stablecoin.

an ERC-20 token that puts “detailed financial and operational” transparency at the forefront, as Circle intends to allow established banking partners and accountants to regularly audit the reserves backing this project

As per an official blog post on the matter, USDC, a “fully collateralized US dollar stablecoin,” is an ERC-20 token that puts “detailed financial and operational” transparency at the forefront, as Circle intends to allow established banking partners and accountants to regularly audit the reserves backing this project.

a stable coin issued on Poloniex Exchange by CENTER, a wholly-owned subsidiary of Circle

USDC is a stable coin issued on Poloniex Exchange by CENTER, a wholly-owned subsidiary of Circle.

With a market capitalization of $26B

With a market capitalization of $26B, USDC is crypto’s second-largest stablecoin.

one of an increasing number of cryptocurrencies notionally tied 1:1 with a major fiat currency

USDC, which the financial services company announced in May this year and released in September, is one of an increasing number of cryptocurrencies notionally tied 1:1 with a major fiat currency.

cash equivalents

With a total supply of $43.5 billion, all of which is backed by government bonds and cash equivalents, USDC is the second largest stablecoin in circulation.

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Unlike other cryptocurrencies that can experience significant price fluctuations

Unlike other cryptocurrencies that can experience significant price fluctuations, USDC is a stablecoin that is pegged to the US dollar.

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developed by Centre (centre.io) and issued by Circle (circle.com) and Coinbase (coinbase.com)

USDC is a fully collateralized fiat stablecoin developed by Centre (centre.io) and issued by Circle (circle.com) and Coinbase (coinbase.com).

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fixed to the U.S. dollar that facilitates instant cash transfer

USDC is a stablecoin fixed to the U.S. dollar that facilitates instant cash transfer.

collateralized by a corresponding US dollar held in accounts subject to regular public reporting of reserves

USDC is 100% collateralized by a corresponding US dollar held in accounts subject to regular public reporting of reserves.