$USDC

USDC (the US Dollar Coin) is a stablecoin designed to maintain a fixed exchange rate to the US dollar, aiming to provide stability in the cryptocurrency market. Each USDC token is backed by cash reserves and short-term US Treasury bonds. USDC was launched in 2018 by the Centre Consortium, a collaboration between Circle and regulated financial institutions, with the goal of bridging traditional finance with blockchain technology. It is widely used in transactions, decentralized finance (DeFi), and digital payments across multiple blockchain networks#USDC