Cryptocurrency Q&A
Is USDC the same as USD?
Is USDC the same as USD?
Elena
Mon May 13 2024
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5 answers
1210
Excuse me, I'm a bit confused about something. Could you please clarify for me? Is USDC the same as USD? I've heard people talk about them interchangeably, but I'm not entirely sure if they're the same thing or not. Could you explain the difference between them, if there is any? I'm interested in understanding how they work and how they're used in the cryptocurrency and finance world. Thank you for your help!
5 answers
Martina
Tue May 14 2024
This collateral can be in the form of cash or cash equivalents.
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Stefano
Tue May 14 2024
USD Coin (USDC) is a unique asset-backed stablecoin.
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SeoulSerenity
Tue May 14 2024
These cash equivalents include short-term U.S. Treasury bonds held by regulated U.S. financial institutions.
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BlockchainBaron
Tue May 14 2024
Its value is firmly pegged to the U.S. Dollar.
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MysticMoon
Tue May 14 2024
Each USDC token circulating is fully collateralized by an equivalent of $1 USD.
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