USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, designed to maintain a 1:1 value with the U.S. dollar. Issued by Circle and governed by the Centre consortium, USDC is backed by fully reserved assets like cash and short-term U.S. Treasuries. It runs on multiple blockchain networks, including Ethereum, Solana, and Polygon, enabling fast and low-cost digital transactions. USDC is widely used for trading, payments, and decentralized finance (DeFi) applications. Regular audits ensure transparency of reserves, making it a trusted option for users seeking stability in the volatile crypto market while benefiting from blockchain technology.
