#FTXRefunds It looks like you're referring to $USDC, which stands for USD Coin — a type of stablecoin in the cryptocurrency world. Here's a quick breakdown:

🔹 What is USDC?

USDC (USD Coin) is a stablecoin backed 1:1 by U.S. dollars or equivalent assets held in reserve.

It’s issued by Circle in partnership with Coinbase through the Centre Consortium.

Designed to maintain a stable value of $1 USD per coin.

🔹 Key Features:

Price Stability: Pegged to the U.S. dollar, reducing volatility.

Regulated & Audited: Reserves are regularly attested by third-party firms.

Widely Supported: Available on multiple blockchains like Ethereum (ERC-20), Solana, Avalanche, and others.

Use Cases:

Trading and hedging on crypto exchanges

Sending money globally

Earning interest in DeFi platforms

As a means of payment in Web3 ecosystems

🔹 Current Status:

Would you like to check USDC’s current market cap, price, or usage trends? I can look that up for you if you'd like the latest data.

Let me know what you'd like to do with USDC — e.g., investing, using it in DeFi, or understanding its risks.