$USDC

USDC stands for USD Coin, which is a stablecoin—a type of cryptocurrency that is pegged to the US Dollar at a 1:1 ratio. Here are some key points:

Value: 1 USDC is designed to always be worth $1 USD.

Backing: It’s backed by reserves (cash and short-term U.S. Treasury bonds).

Issuer: USDC is issued by Circle, often in partnership with Coinbase, under the Centre Consortium.

Use Cases: Used for trading, DeFi, remittances, payments, and storing value on-chain without crypto volatility.

Blockchains: Available on Ethereum, Solana, Polygon, Arbitrum, and other chains.