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How does USDC stay pegged?

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USDC (USD Coin) stays pegged to the US dollar through a combination of transparency, regulation, and backing of reserves. Each USDC token is backed by US dollars held in reserve bank accounts, and regular audits are conducted to ensure a 1:1 peg with the US dollar. This transparency and adherence to regulations help maintain the stability and peg of USDC to the US dollar.

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