USDC (USD Coin) is a stablecoin pegged to the US dollar, providing stability in the cryptocurrency market. It's built on multiple blockchains, including Ethereum, Solana, and Algorand. USDC enables fast, low-cost transactions and serves as a reliable store of value. Its primary use cases include:

- *Fiat on/off ramps*: Seamlessly convert fiat to crypto and vice versa.

- *Payments*: Make payments in crypto without price volatility concerns.

- *DeFi*: Use USDC as collateral in lending protocols or for yield farming.

- *Trading*: Trade USDC pairs on various cryptocurrency exchanges.

USDC is issued by Circle and fully backed by cash reserves.