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What is the USDC transfer protocol?

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The USDC transfer protocol refers to the technology and processes used to transfer USD Coin (USDC), which is a stablecoin pegged to the US dollar on a 1:1 basis. USDC transfers are facilitated on the Ethereum blockchain using the ERC-20 standard, allowing for quick and secure transactions between users. Transfers of USDC tokens are recorded on the blockchain, ensuring transparency and immutability of transactions.

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