Cryptocurrency Q&A Is 1 USDC 1 USD?

Is 1 USDC 1 USD?

SamsungShineBrightness SamsungShineBrightness Wed Dec 25 2024 | 6 answers 1562
I'm wondering if 1 USDC is equivalent to 1 USD. I want to understand the relationship between these two currencies and whether they have a 1:1 value. Is 1 USDC 1 USD?

6 answers

Chloe_emma_researcher Chloe_emma_researcher Fri Dec 27 2024
This means that 1 USDC is equivalent to 1.00 USD.

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Bianca Bianca Fri Dec 27 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.

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HallyuHeroine HallyuHeroine Fri Dec 27 2024
The exchange rate reflects the value of one cryptocurrency unit in terms of another currency.

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IncheonBeautyBloomingRadiance IncheonBeautyBloomingRadiance Fri Dec 27 2024
In this case, USDC, a stablecoin, is pegged to the US dollar.

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CherryBlossomPetal CherryBlossomPetal Fri Dec 27 2024
The current exchange rate between USDC and USD stands at a parity.

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