$USDC USDC (USD Coin) is a prominent stablecoin in the cryptocurrency world. Here's a breakdown of what that means and how it works:

What is a Stablecoin?

A stablecoin is a type of cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the US Dollar, a commodity like gold, or another cryptocurrency. The main goal is to avoid the high volatility associated with other cryptocurrencies like Bitcoin or Ethereum, making them suitable for everyday transactions and as a safe haven during market fluctuations.