$USDC
USD Coin ($USDC) is a stable digital currency (Stablecoin) pegged to the US dollar at a 1:1 ratio, meaning that each unit of $USDC is backed by one actual dollar or its equivalent in cash assets held in secure bank accounts.
Key Features:
Price Stability: Designed to reduce market volatility, ideal for trading or holding value.
Reliable: Backed by Circle, and subject to regular audits by independent accounting firms.
Fast and Secure: Used for transfers, payments, and decentralized applications quickly and without a bank intermediary.
Why do people use it?
Store value during market volatility
Send and receive money globally in minutes
Fast trading between cryptocurrencies without needing to convert to real dollars
It serves as a bridge between the traditional financial world and cryptocurrencies.
