USD Coin (USDC) is a stablecoin pegged to the US dollar, designed to maintain a 1:1 ratio with the USD. Issued by Circle in collaboration with Coinbase, USDC is one of the most widespread and reliable stable cryptocurrencies in the crypto landscape. Unlike volatile cryptocurrencies like Bitcoin or Ethereum, USDC is intended to provide stability and transparency, as each token is backed by cash reserves or equivalent securities. This makes it particularly useful for fast transactions, international remittances, trading, and for the DeFi (decentralized finance) sector. Its reliability is also bolstered by regular audits and regulatory compliance, factors that increase trust among users and institutional investors. However, it is important to remember that while USDC offers a degree of stability, it remains tied to the traditional financial system and regulatory risk.
