Unlike Bitcoin or Ethereum, USDC (USD Coin) is a stablecoin, meaning it is pegged to the U.S. dollar and not mined through traditional cryptocurrency mining. Instead, USDC is issued by regulated financial institutions like Circle and Coinbase when users deposit fiat currency.
For every USDC in circulation, there is a corresponding dollar held in reserve. This one-to-one backing ensures price stability. Since it's not based on a proof-of-work or proof-of-stake blockchain, mining USDC is not possible. If you want to acquire USDC, you can buy it on major exchanges or receive it as payment. USDC is mainly used for trading, saving, and decentralized finance (DeFi) applications, rather than mining or earning through staking protocols. $USDC