$USDC $USDC refers to USD Coin, which is a type of stablecoin—a cryptocurrency designed to maintain a 1:1 value with the U.S. dollar.

Key Facts About USDC:

Issuer: Originally launched by Circle and Coinbase via the Centre Consortium.

Blockchain Support: USDC exists on multiple blockchains, including Ethereum (ERC-20), Solana, Avalanche, Polygon, and others.

Backed By: Fiat-backed, meaning each USDC token is supposed to be backed by one U.S. dollar (or equivalent assets) held in reserve.

Use Cases:

Stable trading pair on crypto exchanges.

DeFi (Decentralized Finance) applications.

Cross-border payments.

Hedging against crypto volatility.