$USDC

is a digital stablecoin that is pegged to the US dollar on a 1:1 basis. This means that ideally, one USDC is always equivalent in value to one US dollar. It is managed by a consortium called Centre, founded by the payment technology company Circle and the cryptocurrency exchange platform Coinbase. The central idea behind USDC is to provide a stable store of value and a medium of exchange within the volatile ecosystem of cryptocurrencies.