THE Race To Embrace stable Coins Heat Up On Wall Street

USD Coin (USDC-USD) is the world's second-largest stablecoin after Tether (USDT-USD).

Unlike bitcoin and other digital assets, stablecoin prices aren't supposed to fluctuate. Instead, they are pegged to assets such as the US dollar. They also serve as the lifeblood of the crypto world, accounting for the bulk of its transaction volume.