$USDC USD Coin (USDC) is one of the leading stablecoins or stable cryptocurrencies in the crypto market. It was born in 2018 and is currently managed by the Center consortium, a project made up of properly regulated organizations in the U.S. and Europe, such as Coinbase and Circle.

Its main feature is that its price is associated at a ratio of 1:1 with the U.S. dollar (1 USDC = 1 DOLLAR). It achieves this because it is backed by financial assets in the accounts of its creators (such as bonds, currencies, stocks, among others), so every USDC minted has its corresponding backing in an asset with a denomination equivalent to 1 dollar.

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Unlike most cryptocurrencies (like bitcoin or ether), USDC always maintains the same value (≈ US$ 1), and its volatility is almost non-existent, so it can be used as a hedge during periods of high market volatility.

USDC is an ERC-20 token that operates on the Ethereum network, the second

most important blockchain currently, so the details about its

issuance and circulating capital are publicly available for consultation on the network.