Is USDC a government?

USDC is a digital currency issued by Circle, a private sector company. It serves as a stablecoin, designed to maintain a stable value relative to a specific asset, such as the US dollar.

In contrast, a CBDC, or Central Bank Digital Currency, would be issued by a government or central bank. The purpose of CBDCs is to provide a digital form of the country's official currency.

Currently, most CBDCs are still in the research and development phase. Governments and central banks are exploring the potential benefits and challenges of issuing digital currencies.

Unlike CBDCs, USDC is already available and in wide use. It has been adopted by millions of people around the world for various purposes, including online transactions, payments, and as a store of value.

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