$USDC

What is USDC?

(USD Coin) is a Stablecoin, meaning it is a cryptocurrency that is always pegged to the value of one US dollar ($1). Its purpose is to allow people to use a currency valued in dollars on the blockchain, without major fluctuations.

Who issues USDC?

It is issued by the Centre Consortium, which is backed by well-known institutions like Circle and Coinbase.

Circle is a US fintech company that maintains and regulates USDC.

How does USDC work?

When you buy one USDC, the company keeps one US dollar in a bank on your behalf.

This way, each USDC is backed by a "real" dollar, which helps maintain its value stability.

Where is USDC used?

1. Trading: USDC is used in crypto markets to buy Bitcoin or Ethereum.

2. Saving: Some people keep it in a secure crypto wallet instead of a bank account.

3. Payments: USDC can be used for online shopping or sending money internationally.

4. DeFi: It is used on Decentralized Finance platforms to earn interest, lend or borrow.

On which blockchains does USDC operate?

USDC has been issued on several blockchains, such as:

Ethereum (ERC-20)

Solana

Avalanche

TRON

Algorand

Polygon