$USDC USD Coin announces that Nihil Chandhok, Chief Product and Technology Officer at Circle, will present on the Circle payment network at the 'PayFi Summit,' which will take place during the 'Accelerate' event. The event is organized by Huma Finance and the Solana Foundation. The summit will be held on May 20 in New York.

USD Coin is a leading stablecoin pegged to the US dollar at a 1:1 ratio, aimed at providing stable value regardless of broader fluctuations in the cryptocurrency market. Developed and managed by Circle, it is the second-largest stablecoin ecosystem, only behind USD Tether.