$USDC USD Coin (USDC) is a stablecoin directly pegged to the US dollar at a 1:1 ratio, meaning that each unit is backed by a real dollar or its equivalent in safe cash assets. It was issued by Circle in collaboration with Coinbase under the framework of the Centre for Digital Finance. USDC is used on multiple networks such as Ethereum, Solana, and Polygon, and is considered a safe option for transfers, trading, and storing value without the volatility of other cryptocurrencies. USDC enjoys high transparency, as it publishes monthly reports confirming the existence of reserves. USDC is ideal for users who want financial stability within the world of cryptocurrencies without fully relying on traditional banks.

Reliable source:

Circle Official Website

CoinMarketCap - USDC