#MastercardStablecoinCards

**USDC (USD Coin)** is a **stablecoin** pegged 1:1 to the US dollar, meaning each USDC is backed by an equivalent amount of USD or other highly liquid assets. It is a popular cryptocurrency used for trading, payments, and DeFi (decentralized finance) applications.

### **Key Features of USDC:**

1. **Stability** – Maintains a 1:1 value with the US dollar, reducing volatility.

2. **Transparency** – Reserves are regularly audited by accounting firms.

3. **Regulated** – Issued by **Circle** and **Coinbase** under US financial regulations.

4. **Multi-Blockchain Support** – Available on Ethereum, Solana, Avalanche, and other networks.

5. **Fast & Low-Cost Transactions** – Enables quick cross-border payments.

### **How Is USDC Used?**

- **Trading**: Acts as a stable intermediary in crypto trading.

- **DeFi**: Used in lending, borrowing, and yield farming.

- **Payments**: Enables fast, low-cost global transfers.

- **Hedge Against Volatility**: Traders hold USDC to avoid crypto market swings.

### **USDC vs. Other Stablecoins**

- **USDT (Tether)**: Less transparent, has faced regulatory scrutiny.

- **DAI**: Decentralized but backed by crypto collateral (not fiat).

- **BUSD**: Binance’s stablecoin (discontinued in 2024).

### **Recent Updates (2024)**

- **Expansion to New Blockchains**: USDC is now on more Layer 2 networks.

- **Regulatory Compliance**: Circle (USDC issuer) is working to meet stricter US and EU crypto laws.

Would you like details on buying, storing, or using USDC?