Cryptocurrency Q&A What bank does USDC use?

What bank does USDC use?

SejongWisdomKeeperEliteMind SejongWisdomKeeperEliteMind Sun Sep 01 2024 | 6 answers 1877
Excuse me, I was wondering if you could clarify something for me. In regards to the USDC cryptocurrency, which bank is it actually backed by or associated with? I understand that stablecoins like USDC are meant to be pegged to a traditional currency, such as the US dollar, and are often supported by a reserve of assets. So, is there a specific bank that serves as the backbone for the USDC's stability and value? I'd appreciate any insight you could provide on this matter. What bank does USDC use?

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