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NFT Term

USDC

Definition of USDC from the NFTguild.com glossary.

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The digital stablecoin USD Coin (USDC) is a cryptocurrency purpose-built to trade at price parity to the fiat currency US Dollar (USD). The USD Coin (USDC) cryptocurrency represents a class of cryptocurrencies called stablecoins that are designed to have near zero price volatility. USD Coin (USDC) is managed by a consortium called Circle, which members consist of powerful companies in the cryptocurrency space, including cryptocurrency exchange Coinbase and crypto mining firm Bitmain.