$USDC USDC is a stable cryptocurrency, which means its value is designed to stay as close as possible to 1 US dollar. It is issued by the Centre consortium, founded by Circle and Coinbase, and is fully backed by assets in US dollars held in regulated accounts.
As an ERC-20 token on the Ethereum network, USDC aims to combine the stability of the dollar with the efficiency and transparency of blockchain technology. Its goal is to facilitate fast, cost-effective, and secure transactions globally, offering a less volatile alternative to other cryptocurrencies. The transparency of its reserves and regulatory compliance are key aspects that seek to build trust among users and businesses operating in the digital ecosystem.