$USDC (USD Coin) is a fully-backed stablecoin pegged 1:1 to the US dollar, designed to offer the stability of fiat currency with the efficiency of blockchain technology. Issued by regulated financial institutions and managed by Centre, a consortium founded by Circle and Coinbase, USDC is widely trusted for its transparency—reserves are regularly audited to ensure every coin is backed by actual dollars or dollar-equivalent assets. It enables fast, low-cost global transactions, making it ideal for remittances, decentralized finance (DeFi), and digital commerce. USDC operates on multiple blockchains like Ethereum, Solana, and Polygon, ensuring broad compatibility and scalability. It's a key player in the future of digital payments.