$USDC What is USDC (USD Coin)?

USDC (USD Coin) is a stablecoin, a cryptocurrency designed to maintain a stable value, unlike the typical volatility of other cryptos like Bitcoin or Ethereum. The main feature of USDC is that it is pegged to the US dollar (USD) at a 1:1 ratio. This means that each 1 USDC is intended to be worth exactly 1 US dollar.

To ensure this parity, USDC is backed by reserves of US dollars or dollar-equivalent assets. These reserves are held by regulated financial institutions in the United States and are regularly audited by independent firms, ensuring transparency and trust.