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How does USDC interest work?

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USDC interest works by allowing users to earn interest on their USDC holdings by lending them out to various lending platforms or decentralized finance protocols. These platforms use the USDC to provide loans to borrowers and pay interest to the USDC lenders. The interest rates can vary depending on the platform and market conditions. Users can deposit their USDC into these platforms and start earning interest on their holdings.

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