#BigTechStablecoin What is USDC? – A Quick Introduction

USDC (USD Coin) is a digital currency that is backed 1:1 by the US dollar. This means that for every 1 USDC, there is an actual $1 held in reserve. It's known as a "stablecoin," meaning its value remains stable and doesn't fluctuate like other cryptocurrencies.

People mostly use USDC for online payments, trading, and as a safe option within the crypto world. It’s issued by trusted companies like Coinbase and Circle, and it works on multiple blockchains like Ethereum, Solana, and Base.