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Is USDC centralized or decentralized?

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USDC, which stands for USD Coin, is a stablecoin that is issued by regulated financial institutions and operates on the Ethereum blockchain. It is considered a centralized stablecoin because it is issued by a central authority, Circle and Coinbase. This means that the supply and circulation of USDC are controlled by these entities, making it different from decentralized cryptocurrencies like Bitcoin.

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