$USDC USDC (USD Coin) is a leading stablecoin in the cryptocurrency world, designed to maintain a stable value.

What is USDC?

* Fiat-backed: USDC is a type of cryptocurrency that aims to maintain a stable value as close to 1 US dollar as possible.

* 1:1 Collateral: Each USDC token in circulation is theoretically backed by one US dollar or equivalent assets held in reserves. These reserves consist primarily of highly liquid cash and short-term US Treasury bonds.

* Redeemable: USDC holders can exchange their tokens for real US dollars at a 1:1 ratio through the issuer.

Who issues USDC?

USDC is issued by Circle Internet Financial through its regulated entities. Circle is a large fintech company that aims to connect traditional finance with blockchain technology.

How does USDC work?

When a user deposits USD, new USDC tokens are created. When a user wants to get dollars back, the equivalent amount of USDC tokens are "burned" (removed from circulation). Circle regularly publishes audited reports of its reserves, ensuring transparency.

Key features and benefits:

* Stability: Its main goal is to provide stability in the volatile crypto market.

* Global transactions: Allows for fast and cheap international transfers 24/7.

* DeFi integration: Widely used in decentralized finance.

* Multi-chain: Available on multiple blockchain networks (such as Ethereum, Solana, etc.).

USDC is considered one of the more secure stablecoins due to its full collateral and regular audits.