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USD Coin (USDC) is a stablecoin issued by Circle that maintains a 1:1 value with the US dollar, making it useful for stable value transfers and payments in the cryptocurrency ecosystem. It is backed by fully reserved US dollars and short-term US treasuries, distinguishing it through its regulated issuer and transparent reserve audits. USDC operates on multiple blockchain networks including Ethereum, Solana, and Polygon, enabling fast and low-cost transactions while maintaining price stability unlike volatile cryptocurrencies.