$USDC is a stablecoin pegged to the US Dollar, maintaining a 1:1 value ratio. It was launched by Circle and Coinbase in 2018 to provide a reliable and transparent digital asset for blockchain applications. Each USDC is backed by reserves, which are regularly audited to ensure full backing by US Dollar assets. As a part of the broader cryptocurrency ecosystem, USDC facilitates fast, low-cost transactions and is widely used for trading, payments, and decentralized finance (DeFi) protocols. Its stability, transparency, and regulatory compliance make it a popular choice among crypto users globally.😎