$USDC #MarketPullback
USD Coin (USDC) is a stablecoin that is pegged to the US dollar at a 1:1 ratio, meaning one USDC is always intended to be worth one USD. It was launched in 2018 by Centre, a consortium founded by Circle and Coinbase.
Key Features of USDC:
1. Stability – Since USDC is backed by real USD reserves held in regulated financial institutions, its value remains stable.
2. Transparency – USDC issuers provide regular audits to ensure that each USDC is fully backed by dollar reserves.
