The USDC (USD Coin) is a stablecoin designed to maintain a stable value linked to the US dollar at a 1:1 ratio. This means that each USDC is equivalent to one US dollar and can be redeemed for dollars at any time.
Key features of USDC:
Stable value*: its value remains stable in relation to the US dollar.
ERC-20 token: operates on the Ethereum blockchain.
Integrable: can be used in decentralized applications and decentralized exchanges.
Backing: it is backed by reserve assets in regulated financial institutions in the U.S.
Benefits of USDC:
Fast and cost-effective transfers: allows for quick and economical money transfers.
Access to financial services: provides access to financial services 24/7.
