$USDC USDC serves as a benchmark for compliant stablecoins, building trust with a 1:1 dollar reserve and monthly audit transparency, becoming a core liquidity tool in DeFi and the preferred choice for institutions. Its advantages include: 1. Strong regulatory endorsement, issued jointly by Circle and Coinbase, with compliant banks holding cash and short-term US treasury bonds; 2. Multi-chain support (ERC20/SPL, etc.) to adapt to diverse payment scenarios; 3. Real-time cross-border settlement with very low costs. However, one must be cautious of centralization risks: issuers can freeze addresses, and reserve assets are still affected by the traditional financial system (such as the Silicon Valley Bank collapse incident). In the future, USDC may face dual challenges from CBDC competition and tightening regulations, but in the short term, it will continue to dominate the compliant stablecoin market.