USDC (USD Coin) is a fully collateralized stablecoin pegged 1:1 to the US dollar. Launched in 2018 by Circle and Coinbase, it operates on multiple blockchains, including Ethereum, Solana, and others, facilitating fast and low-cost global transactions. Each USDC token is backed by a corresponding US dollar or equivalent asset held in reserve, ensuring price stability.

USDC aims to provide a reliable digital currency for various purposes, including trading, decentralized finance (DeFi), payments, and remittances. Its transparency, with regular audits of its reserves, distinguishes it from some other stablecoins. This commitment to regulatory compliance and security has made it a popular choice for both individuals and institutions seeking a stable digital asset.$USDC