$USDC

USDC is issued by the Centre Consortium, a partnership between Coinbase and Circle. To ensure its value stability, each unit of USDC is backed by reserves of US dollars or other assets of equivalent value, held by regulated and audited U.S. financial institutions. These reserves are verified monthly through independent audits.

Why is USDC important?

* Stability in the volatile world of digital currencies: USDC provides a means to hedge against the price volatility of other cryptocurrencies, making it a useful tool for traders and investors.

* Faster and cheaper transactions: USDC can be used for faster and less costly digital transactions compared to traditional financial systems.

* Access to decentralized finance (DeFi): USDC is a key currency in many decentralized finance applications, where it is used for lending, borrowing, and trading.

* Global payments: USDC facilitates efficient and low-cost cross-border money transfers.

Advantages of USDC:

* Transparency: USDC reserves are subject to regular audits, and reports are published monthly.

* Regulation: The Centre Consortium aims to comply