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For those who provide 1 USDC in Trade for $one, the USDC is burned (sent to the wallet with no entry keys) in the event the fiat income is transferred back in your checking account.
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Remittances: USDC can be employed to send out cash across borders. Recipients can store USDC without using a bank account or becoming worried about price tag volatility.
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Developing the community by including more validator nodes and growing the superminority through delegations.
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Whenever you invest in 1 USDC, a completely new USDC is minted. And when you choose to promote 1 USDC for fiat currency, the coin is “burned” whenever you make the transaction.
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