#USDC

🪙 What is USDC?

USDC is a stable cryptocurrency (stablecoin) created to maintain a 1:1 value with the dollar. For every USDC in circulation, there is supposed to be one real dollar (or an equivalent asset) in reserve.

🔍 Main features of USDC:

Issued by: Centre Consortium, an organization founded by Circle and Coinbase.

Stable value: Always aims to maintain 1 USDC = 1 USD.

Cash backed: Backed by cash reserves and short-term Treasury bonds.

Transparent: Circle publishes audits and regular reports on its reserves.

Multi-platform: Works on several blockchains, such as Ethereum, Solana, Avalanche, Algorand, Polygon, among others.

🧾 Uses of USDC:

Fast and cheap global transfers.

Trading on cryptocurrency exchanges.

Protection against the volatility of other cryptocurrencies.

Use in DeFi applications (decentralized finance).

Digital payments.

⚖️ Regulation

Circle, the company behind USDC, cooperates with regulators and seeks to position itself as a regulated stablecoin in the U.S., unlike others that are more opaque.