💵 USDC is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds.

🚀 The stablecoin originally launched on a limited basis in September 2018. Put simply, USDC’s mantra is “digital money for the digital age” — and the stablecoin is designed for a world where cashless transactions are becoming more common.

🌍 Overall, the goal is to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers, and dApps as possible.

🔥 WhiteBIT has recently announced that Bridged USDC has landed on the Whitechain network. The CEX has made USDC withdrawals from the Whitechain network fee-free. Access to deposits and withdrawals of USDC via Whitechain are already open.