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What is USDC?

Updated yesterday

USDC (USD Coin) is a type of stablecoin, a digital currency that is pegged 1:1 to the value of the US Dollar (USD).

USDC is issued by regulated financial institutions and fully backed by reserves of cash and short-term US Treasuries, meaning every USDC token can always be redeemed for $1 USD.

Why Noah Uses USDC:

  1. Stability: Unlike other cryptocurrencies, USDC’s value does not fluctuate - it stays equal to USD.

  2. Speed: USDC transactions settle within minutes, even across borders.

  3. Transparency: The reserves backing USDC are regularly audited and publicly reported.

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