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Cryptocurrency Q&A Is USDC 100% backed?

Is USDC 100% backed?

SakuraFestival SakuraFestival Mon May 13 2024 | 5 answers 1125
Could you please clarify, is USDC fully collateralized and backed 100%? I've heard differing opinions on this matter, and I'm trying to get a clear understanding of the asset's underlying mechanisms. Is there any risk associated with the backing of USDC, or is it completely secure and without any vulnerabilities? It would be helpful if you could provide some insight into the collateralization process and how it ensures the stability of USDC. Thank you for your time and assistance in this matter. Is USDC 100% backed?
usdc 100% backed cryptocurrency

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