What crypto means by it
A US dollar stablecoin issued by Circle, backed by cash and short-dated US government debt held with regulated custodians, with monthly reserve reporting.
What you already know this as
A dollar balance at a regulated e-money issuer, with the reserve statement published instead of assumed.
In Kite: One of the two stablecoins you can hold and top up with, on Base, Ethereum or Polygon.
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