💵 What is $USDC and what is it needed for?

USDC is a stablecoin pegged to the US dollar at a 1:1 ratio.

🔹 Issued by Circle in partnership with Coinbase

🔹 Supported on the Ethereum, Solana, Base, Avalanche blockchains, and others.

📌 Key advantages of USDC:

– 💯 Transparent reporting (reserves are audited)

– ⚡ Fast and cheap transfers (especially on L2 networks)

– 🌍 Used in DeFi, trading, cross-border transfers

⚠️ But remember:

– USDC = centralized stablecoin

– It can be frozen by Circle's decision

– Dependent on the American financial infrastructure

📊 Conclusion:

A reliable tool for capital storage and settlements, but not ideal for those seeking absolute decentralization.