USDC is a stablecoin that bridges itself between the US Dollar and cryptocurrency. With founding members of CoinBase and Circle, USDC is regulated by financial institutions that hold full reserves of the total amount of the cryptocurrency, which is audited every month to ensure integrity. This stablecoin technology enables people, businesses, and banks to send and receive month that is easy to interpret by appearing to equate to USD, while still reaping the benefits of cryptocurrency.
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