$USDC

**USDC (USD Coin) Briefing**

USDC is a regulated, fully-reserved **stablecoin**. Each token is redeemable 1:1 for US dollars, providing stability in the volatile crypto market. It's issued by **Centre Consortium** (founded by Circle and Coinbase) under US money transmission laws.

**Key Features:**

1. **Backing:** Held in cash & short-duration US Treasuries, attested monthly by independent auditors.

2. **Transparency:** Regular public reserve reports ensure trust.

3. **Utility:** Enables fast, global dollar transfers, crypto trading, payments, DeFi lending/borrowing, and remittances without traditional banking delays.

4. **Accessibility:** Available on multiple blockchains (Ethereum, Solana, etc.) via smart contracts.

**Purpose:** To combine the benefits of digital currency (speed, programmability, borderlessness) with the stability of the US dollar, acting as a digital dollar for the internet economy.