$USDC (abbreviation for USD Coin) is a type of stablecoin, which means it is a cryptocurrency designed to maintain a stable value by pegging its price to the US dollar (USD) at a 1:1 ratio.

📌 Advantages of USDC:

Transparency: Circle publishes monthly asset audit reports.

Stability: It does not fluctuate as wildly as Bitcoin or ETH.

Widely accepted: Most major exchanges support it.

Some risks:

Dependence on custody banks: If the bank encounters issues (such as the Silicon Valley Bank incident in 2023), USDC may temporarily lose its peg.

Centralization: USDC is controlled by a central organization, not completely decentralized like some other cryptos.