$USDC USDC is a "stablecoin" designed to maintain a constant value of 1:1 with the US dollar, making it a "digital dollar."

Its stability is guaranteed by transparent reserves consisting of cash and cash equivalents deposited in regulated banks in the U.S., as well as short-term U.S. Treasury Bonds.

The issuing company, Circle, publishes monthly attestations of these reserves, conducted by accounting firms, to ensure transparency. USDC is fundamental in the crypto ecosystem because it allows users to protect themselves from volatility, facilitates fast cross-border transactions, and is key in decentralized finance (DeFi).

In essence, it offers the stability of fiat money with the benefits of blockchain technology.