$USDC

USD Coin (USDC) is a type of stablecoin that is pegged to the US dollar, meaning that its value is designed to remain stable at approximately $1.00. Launched in September 2018 by the Centre consortium, which was co-founded by Circle and Coinbase, USDC is built on blockchain technology, primarily on Ethereum, although it has since expanded to other blockchains.

USDC is fully backed by reserves of US dollars or equivalent assets, which are held in regulated financial institutions. This backing is subject to regular audits to ensure transparency and maintain trust among users. The primary use of USDC is to facilitate transactions in the cryptocurrency ecosystem, providing a stable medium of exchange for trading, remittances, and decentralized finance (DeFi) applications.

Due to its stability and transparency, USDC has gained popularity among investors and traders looking to minimize volatility while engaging in the crypto market. It serves as a bridge between traditional finance and the burgeoning world of digital assets.