$USDC $USDC Here's a breakdown of key aspects of USDC:

What it is:

* Fiat-backed stablecoin: USDC is backed by reserve assets held in traditional financial institutions. These reserves consist of cash and short-term U.S. Treasury bonds.

* 1:1 Peg to USD: The goal is for 1 USDC to always be redeemable for 1 US dollar.

* Issued by Circle: USDC was initially launched by the Centre Consortium, a partnership between Circle and Coinbase. Circle is now the sole issuer

* ERC-20 Token: Primarily issued on the Ethereum blockchain, USDC is also available on several other blockchains like Solana, Avalanche, TRON, Algorand, and more. This makes it interoperable with a wide range of decentralized applications (dApps) and crypto platforms.