USDC (USD Coin) is a prominent stablecoin, a cryptocurrency designed to maintain a stable value. It is pegged 1:1 to the US dollar, meaning one USDC should always be worth one U.S. dollar. This stability is achieved by being fully backed by reserves of US dollars and short-term US Treasury bonds, held in regulated financial institutions.
USDC bridges traditional finance and blockchain, offering a digital dollar for fast, low-cost global transactions. It's widely used in decentralized finance (DeFi), enabling stable trading, payments, and remittances without the volatility of other cryptocurrencies. Regular attestations ensure transparency and trust in its backing.
