$USDC or USD Coin is a stablecoin that is pegged 1:1 to the US dollar or can be referred to as digital dollars. A stablecoin is a crypto asset that has the same value as a specific asset, such as currency and gold. USDC is issued by the Centre Consortium, a collaboration between Circle Internet Financial and Coinbase.
USDC is the most liquid stablecoin because its entire asset reserve consists of 100% cash (US dollars) and short-term US government bonds. The funds are also managed by leading US companies such as Blackrock and BNY Mellon.
