USD Coin (USDC) is a stablecoin pegged to the US dollar at a 1:1 ratio. It is issued by the company Circle in partnership with Coinbase as part of the Centre consortium. The main goal of USDC is to provide price stability in cryptocurrency transactions and DeFi applications. Each issued USDC is fully backed by reserves in US dollars or equivalent assets that are regularly audited. USDC operates on various blockchains, including Ethereum, Solana, Tron, and others, making it versatile for fast and inexpensive transfers. It is a popular tool for trading, hedging risks, and preserving capital.
