$USDC o USD Coin is a stablecoin developed by Circle, a leading company in the cryptocurrency sector. Its value is pegged to the US dollar at a 1:1 ratio, meaning that every USDC in circulation is backed by one dollar in reserve.

*Key Features:*

- *Developer:* Circle

- *Launch Date:* September 2018

- *Network:* Ethereum ERC-20, also available on other blockchains like Base and Polygon

- *Symbol:* USDC

- *Market Capitalization:* $61.51 billion

- *24-Hour Transaction Volume:* $10.55 billion

*Advantages:*

- Stability: its value is pegged to the US dollar, reducing volatility.

- Transparency: Circle publishes monthly reserve reports backing the USDC in circulation.

- Wide Adoption: USDC is compatible with various blockchains and is used in different financial applications.

*Use in Latin America:*

In countries with high inflation, such as some in Latin America, USDC can be an attractive option to protect asset value. For example, in Argentina, Ripio, a cryptocurrency platform, offers the ability to buy and sell USDC ¹ ².

*Governance and Regulation:*

USDC is regulated by financial entities in different jurisdictions, including the United States, Europe, and Singapore. Circle holds licenses and authorizations to operate in various countries.