$USDC
(USD Coin) is a stablecoin issued by Circle (in partnership with Coinbase), designed to maintain a 1:1 peg with the US dollar. Here are the essentials:
Main features:
Stability: Each USDC is supposed to be backed by one dollar or an equivalent asset in reserve.
Transparency: Circle regularly publishes audit reports to prove solvency.
Usage: Widely used for payments, crypto trading, DeFi applications, and international transfers.
Supported blockchains: Ethereum, Solana, Avalanche, Polygon, Base, and others.
Advantages:
Fast, low-cost, programmable.
Accepted on many exchange platforms and DeFi applications.
Regulated more rigorously than other stablecoins like USDT.
Limitations:
Dependence on US regulations.
Centralized: Circle can block or freeze certain funds in case of legal requests.
