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USD Coin (USDC) stablecoin explained: what is it and how it worksUSD Coin (USDC) is a digital stablecoin pegged to the United States dollar. USD Coin is managed by Circle. USDC is issued by a private entity and should not. USD coin serves to tokenize open.iconsinmed.orgs on a blockchain. The service is a collaboration between crypto exchange Coinbase and financial services provider Circle. As its name suggests, USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one.
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