#StablecoinPayments USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, which is pegged to the U.S. dollar on a 1:1 basis. This means each USDC is backed by one U.S. dollar or equivalent assets held in reserve by regulated financial institutions. Launched by Circle and Coinbase under the Centre consortium, USDC provides stability in value, making it ideal for payments, remittances, and decentralized finance (DeFi) applications. It operates on multiple blockchains including Ethereum, Solana, and Avalanche. Unlike volatile cryptocurrencies like Bitcoin, USDC offers predictable value, making it a popular choice for traders and businesses seeking a stable digital asset.