$USDC USD Coin is a stablecoin designed to maintain a stable value of 1 US dollar. It is a cryptocurrency used for transactions and payments on the blockchain, but unlike other cryptocurrencies, its value does not fluctuate significantly. USDC is backed by reserves of US dollars, which means that each USDC token is backed by a real dollar. This provides stability and confidence to the users who use it. USDC is used in a variety of applications, such as payments, fund transfers, and as a bridge between different cryptocurrencies. It is also used in decentralized finance (DeFi) platforms to provide liquidity and stability. Due to its stability and backing by US dollars, USDC is a popular choice for those looking to avoid the volatility of the cryptocurrency market and conduct transactions safely and efficiently. USDC is issued by Circle and is available on several blockchains, making it accessible to a wide range of users.