$USDC is a stablecoin pegged 1:1 to the US dollar, meaning 1 USDC is always equivalent to 1 USD. It’s designed to provide the stability of traditional fiat currencies while leveraging blockchain technology. USDC is commonly used in the crypto space for trading, transferring value, and earning interest on decentralized finance (DeFi) platforms. It is issued by regulated financial institutions, making it a more trusted stablecoin compared to others. $USDC offers fast, low-cost cross-border transactions, and it plays a vital role in bringing more traditional finance practices into the world of cryptocurrency, bridging the gap between both worlds