USDC (USD Coin) is a stablecoin pegged to the US dollar, designed to maintain a 1:1 ratio. It's built on blockchain technology, allowing for fast and secure transactions. USDC is widely used in cryptocurrency trading, lending, and decentralized finance (DeFi) applications. It's backed by Circle and Coinbase, two prominent players in the crypto industry. USDC offers a stable store of value and medium of exchange, reducing volatility associated with other cryptocurrencies. Its transparency and regulatory compliance make it a popular choice for users seeking a reliable digital asset tied to the US dollar. Regular audits ensure its backing.
