$USDC

USDC, or USD Coin, is a stablecoin cryptocurrency pegged to the United States dollar on a 1:1 basis. This means that every unit of USDC in circulation is backed by $1 held in reserve, in a mix of cash and short-term U.S. Treasury bonds ¹.

USDC was launched in September 2018 by Centre, a consortium formed through a joint venture between Circle and Coinbase. It operates as an Ethereum ERC-20 token and is also available on several other blockchain platforms, such as Base and Polygon ².

Some key features of USDC include:

- *Full Reserves*: USDC is backed by fully reserved assets, which means that every unit of USDC is backed by an equivalent amount of assets held in reserve ³.

- *Regulatory Compliance*: USDC is issued by regulated financial institutions and is compliant with various regulatory requirements ⁴.

- *Wide Availability*: USDC is available on multiple blockchain platforms and can be used for various purposes, such as payments, trading, and lending ².

- *Low Volatility*: As a stablecoin, USDC is designed to maintain a stable value relative to the US dollar, which makes it less volatile than other cryptocurrencies ¹.

Overall, USDC is a widely used and trusted stablecoin that offers a reliable and efficient way to make transactions and store value.