USDC’s Brief Dip on Binance: A Momentary Depegging to $0.74
What is USD Coin (USDC)?
USDC (USD Coin) is a stablecoin pegged 1:1 to the U.S. dollar, backed by a mix of cash and short-term U.S. Treasury bonds. Launched in September 2018 by Circle and Coinbase, it aims to enable digital money transactions in a cashless era. USDC is unique for its transparency and regulatory compliance, ensuring each token’s backing by real dollars. Its use has grown, especially in decentralized finance. The coin’s security is enhanced by Ethereum’s blockchain technology. For price predictions, it’s challenging to forecast due to its design to maintain a stable value close to one dollar.
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