$USDC is a stable cryptocurrency designed to maintain a 1:1 parity with the US dollar, backed by assets in this currency. Stablecoins, also known as stable cryptocurrencies, emerged with the purpose of providing decentralization, transparency, and sovereignty to those looking to avoid volatility.

The functionality of US Dollar Coin focuses on allowing a tokenized dollar to circulate globally, moving from a cryptocurrency wallet to other exchanges, businesses, or individuals.