that is how usdt works and other popular stablecoins but it has nothing to do with a p2p.
You don’t have to deposit 1 usd to get usdc or any other stablecoin, you just by it, earn it working or completely a p2p trade.
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I understand what p2p is, I'm just pointing that specific USDC can be backtracked to a KYC ID, and if is spent at any time will be also identified.