$USDC

Digital Dollar (USDC): A Stablecoin Backed by the US Dollar

USDC ($USDC) is a fully dollar-backed stablecoin. It was launched as a joint effort between Circle and Coinbase through the Center Consortium. USDC aims to provide stability in the volatile world of cryptocurrencies, where its price is always one US dollar.

Its operating principle is that every issued USDC unit is backed by one US dollar or equivalent assets held in bank reserves and regularly audited. This ensures transparency and reliability, making it a popular choice for merchants and investors who wish to retain the value of their digital assets without exposure to market fluctuations. USDC is widely used in decentralized finance (DeFi), trading, and fast, low-cost international transfers, enhancing liquidity in the cryptocurrency ecosystem.