USDC (USD Coin) is a stablecoin—a type of cryptocurrency that is pegged to the U.S. dollar at a 1:1 ratio. It was launched by Circle and Coinbase under the Centre Consortium.
Key features of USDC:
Stability: Each USDC is backed by $1 in reserve (cash or short-term U.S. government bonds), which helps maintain its 1:1 peg with the USD.
Blockchain-based: USDC operates on multiple blockchains, including Ethereum, Solana, Polygon, and others.
Use cases: Commonly used for trading, remittances, DeFi (decentralized finance), and as a dollar alternative in crypto markets.
Regulation & transparency: Circle regularly publishes attestations by third-party accounting firms to confirm that reserves match circulating supply.
Would you like to know how to use USDC, how it's different from other stablecoins, or something else?
