$USDC The recent fluctuations of USDC (USD Coin) have attracted market attention. As a stablecoin pegged to the US dollar, the stability of USDC is its core value. However, affected by banking system risks and regulatory uncertainty, its price temporarily deviated from the pegged exchange rate, raising market concerns. This incident highlights the dependence of stablecoins on the traditional financial system, as well as the importance of transparency and compliance. In the future, USDC needs to strengthen reserve transparency and risk management to rebuild market confidence and maintain its stablecoin status.