The USDC (USD Coin) is a stable digital currency (stablecoin) pegged to the US dollar at a 1:1 ratio, meaning each unit of USDC is backed by one dollar held in regulated bank accounts. USDC was developed by Circle in collaboration with Coinbase as part of the Centre Consortium, and it is widely used in trading, financial transfers, and financing decentralized applications (DeFi). USDC is characterized by fast transfers, transparency, and traceability across blockchain networks such as Ethereum and Solana. It is a reliable option for users who want to avoid the volatility of traditional cryptocurrencies without leaving the realm of crypto assets.
