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USDCUSDC(etc)USDC is a stablecoin pegged 1:1 to the US dollar. Each circulating unit is backed by $1 in reserves, composed of cash and short-term US Treasury bonds. The Centre consortium managing the asset states that USDC is issued by regulated financial institutions. This stablecoin was initially launched in a limited manner in September 2018. In short, USDC's slogan is “Digital Dollars for a Digital Age,” designed to adapt to an increasingly cashless world.
USDC/USDT is a spot trading pair where USDC is the base asset and Tether is the quote asset. The price displayed on the page represents the amount of USDT required to purchase 1 USDC. Buy orders use USDT to exchange for USDC, while sell orders use USDC to exchange for USDT.
After a spot order is filled, the relevant assets will be credited to the user's spot account. Whether an order can be filled depends on the order type, order quantity, and market liquidity.
