$USDC is a stablecoin backed 1:1 by US dollars, issued by Circle. It is widely used in DeFi, international payments, and trading due to its stability and transparency. Circle publishes audited monthly reports on its reserves, which enhances user trust. Additionally, USDC is present on several blockchains like Ethereum, Solana, Polygon, and Base, facilitating fast transfers with low fees. Its institutional adoption continues to grow, with integration into traditional financial platforms. Unlike other stablecoins, USDC maintains close collaboration with regulators, which could strengthen its position after the recent approval of the GENIUS Act.