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Questions tagged [usdc token]

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KpopStarlet KpopStarlet Fri Jul 12 2024 | 7 answers 1251

How does a USDC token work?

Could you please elaborate on the functionality of a USDC token? I'm curious to understand how it operates within the cryptocurrency and financial ecosystem. Specifically, how is it issued, how does it maintain its peg to the US dollar, and what are the main use cases for it? I'd appreciate a concise yet thorough explanation that highlights the key aspects of its operation.

How does a USDC token work?

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