$USDC ☝🏻USDC is a centralized stablecoin and is popular for several reasons. Market participants trust the issuers of the asset: Circle and Coinbase are large and regulated financial institutions that adhere to high operational standards and comply with the law.

🫵🏻Moreover, they have managed to create a transparent reporting system for USDC reserves, which are the foundation for reliability and trust in centralized stablecoins. The funds necessary to back the price of USDC are held on the balance sheets of the largest banks in the US and undergo regular audits by an independent auditor.