$USDC
USDC (USD Coin) is a stablecoin that is pegged 1:1 to the US dollar. It is a digital currency running on blockchain technology and was developed by the Centre Consortium (a partnership between Circle and Coinbase).
Key Features of USDC:
1. Stable Value: 1 USDC is always equal to 1 USD.
2. Fiat-backed: It is backed by real US dollars held in reserves in regulated banks.
3. Fast & Secure Transactions: Enables instant and low-cost transfers via blockchain.
4. Multi-Blockchain Support: Available on Ethereum (ERC-20), Solana, Polygon, Tron, and other blockchains.
5. Regulated & Transparent: Monthly independent audits ensure full transparency.
USDC is widely used for crypto trading, international payments, and DeFi applications. It is considered a trusted stablecoin, but like all crypto assets, it comes with risks.