$USDC USDC (USD Coin) is one of the stablecoins designed to be pegged to the US dollar at a 1:1 ratio. This means that every 1 USDC is supposed to be backed by 1 US dollar held in bank accounts or equivalent assets. Here are its importance:

Importance of USDC:

1. Price Stability

Unlike volatile cryptocurrencies like Bitcoin or Ethereum, USDC maintains a nearly stable price, making it suitable as