$USDC

USDC (USD Coin) is a type of stablecoin, a cryptocurrency designed to maintain a stable value by being pegged to a reserve of real-world assets, typically the US dollar. Each USDC token is backed 1:1 by US dollar reserves held in a regulated financial institution. This makes USDC less volatile compared to other cryptocurrencies like Bitcoin or Ethereum. It is primarily used for digital transactions, offering a reliable medium of exchange, store of value, and unit of account within the crypto ecosystem. USDC is commonly used in decentralized finance (DeFi) applications, remittances, and trading platforms, providing users with a more predictable and stable digital asset. Managed by the Centre Consortium, USDC is regularly audited to ensure its reserves match the outstanding tokens in circulation. Its widespread adoption has made it one of the most trusted stablecoins in the cryptocurrency market.