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USDC is backed by Treasuries and cash. Every dollar is accounted for, audited monthly, and redeemable 1:1. We chose boring on purpose. In stablecoins, boring is a feature — not a bug.
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The most valuable thing in crypto isn't Bitcoin or Ethereum. It's a dollar on a blockchain. USDC moves $10 billion a day because people need stable value — not volatile speculation — to actually build financial applications.