$USDC USDC (USD Coin) is a stablecoin pegged 1:1 to the US Dollar. Here's a brief overview:

Key Features:

Value: Always intended to equal $1 USD.

Type: Fiat-backed stablecoin (fully backed by real USD or equivalent reserves like U.S. Treasuries).

Issuer: Managed by Circle and Coinbase through the Centre Consortium.

Blockchain Compatibility: Runs on multiple blockchains including Ethereum (ERC-20), Solana, Avalanche, and more.

Use Cases:

Fast and cheap money transfers globally.

Trading on crypto exchanges as a stable medium.

Used in DeFi apps for lending, borrowing, and yield farming.