USD Coin (USDC) is a stablecoin pegged to the US dollar, designed to maintain a constant value of $1. It's a fiat-collateralized stablecoin, meaning it's backed by US dollar reserves held in regulated institutions. USDC operates on 15 blockchain networks, including Ethereum, Solana, and TRON, allowing for fast and secure transactions.

*Key Features:*

- *Stable Value*: Maintains a 1:1 ratio with the US dollar

- *Blockchain Compatibility*: Operates on multiple blockchain networks

- *Transparency*: Circle, the issuer, publishes weekly proof of reserves

- *Interoperability*: Compatible with Ethereum-based decentralized applications (DApps)

USDC is used for hedging against market volatility, peer-to-peer transfers, and cross-border payments.¹$USDC