$USDC What is USDC and what is it for?

USDC (USD Coin) is a stablecoin, a cryptocurrency whose value is backed 1:1 by US dollars. It was created by Circle and Coinbase to provide a stable alternative within the crypto world.

Why use USDC?

Stability: Its value is always close to 1 dollar, ideal for protecting your money when the crypto market is volatile.

Fast and cheap: Transactions with USDC are quick and have low fees.

Access to DeFi: You can use USDC for loans, savings, and exchanges without the risk of fluctuation.

Advantages

USDC is backed by real reserves that are regularly audited, giving it trust and transparency.

Considerations

USDC relies on centralized entities to maintain its reserves, so there is a trust risk that does not exist in decentralized cryptos like Bitcoin.