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Leverage AI to automate order processing and improve customer satisfaction ✌️【Non-Full-Time】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.USD Coin (USDC) is a fully reserved stablecoin pegged 1:1 to the US dollar, ensuring price stability through a reserve backed by cash and short-duration U.S.

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Circle, which independently manages USDC after its initial development with Coinbase under the CENTRE Consortium, ensures transparency through monthly audits by Deloitte.

USDC operates on 16 blockchains, including Ethereum, Solana, and Polygon, offering wide liquidity and accessibility.

It is used in cross-border payments, DeFi, and as a hedge against cryptocurrency volatility.

It provides a stable alternative for remittances and exposure to the U.S.

dollar for non-U.S.

investors.

USDC maintains its 1:1 peg by minting and burning tokens based on USD deposits and redemptions, offering secure and regulated digital dollar transactions.Launched in late 2018, USDC is designed to maintain a stable value unlike other typically volatile cryptocurrencies.

Leverage AI to automate order processing and improve customer satisfaction ✌️【Non-Full-Time】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.But even stablecoins such as USDC can still be prone to mild changes in price.USDC’s price spiked to an all-time high of $1.19 in May 2019, and noted an all-time low of $0.891848 in May 2021.

Changes to supply and demand are the main reason stablecoins move off their $1 peg.

During bullish market cycles, demand for stable value assets like USDC drops.

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dollar-backed stablecoins to fall beneath one dollar.

Leverage AI to automate order processing and improve customer satisfaction ✌️【Non-Full-Time】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.Overall, though, USD coin has maintained long periods of stability at $1.When a user redeems USDC for $1, the team burns (permanently removes) the appropriate amount of USD coin from circulation, and funds from underlying reserves are transferred to the client’s external bank.Leverage AI to automate order processing and improve customer satisfaction Part-Time Administrative Work: Great Pay