USD Coin (USDC) is a stablecoin which shares many similarities to Tether (USDT). USDC was founded by Circle and Coinbase with Circle claiming that every USDC on the market is backed by a dollar held in reserve. Launched in September 2018 the current circulating supply of USDC is 27.2 billion. Like any stablecoin the aim of USDC is to maintain a 1-1 peg with the United States Dollar. USDC can be sent via a variety of blockchains including Ethereum, Solana and Algorand.

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