Cryptocurrency Q&A
What is USD C?
What is USD C?
DigitalDynasty
Sat Oct 26 2024
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5 answers
927
I would like to know more about USD C. Could someone please explain what it is and provide some background information on this topic?
5 answers
ShintoBlessed
Mon Oct 28 2024
USD Coin (USDC) functions as a stablecoin in the digital currency landscape.
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Chloe_jackson_athlete
Sun Oct 27 2024
This cryptocurrency is backed by U.S. dollars or dollar-denominated assets, providing it with a stable value foundation.
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Isabella
Sun Oct 27 2024
Among the assets backing USDC are U.S. Treasury securities, which are considered highly secure financial instruments.
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Lorenzo
Sun Oct 27 2024
The cash assets supporting USDC are kept in segregated accounts with U.S. financial institutions that are subject to regulatory oversight.
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IncheonBeautyBloomingRadianceGlow
Sun Oct 27 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions. Additionally, investors can trade USDC on BTCC's platform, benefiting from its robust security measures and extensive service offerings.
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