#MyTradingStyle USDC: Quick Overview

USDC (USD Coin) is a stable cryptocurrency designed to maintain a stable value equivalent to the US dollar at a 1:1 ratio. This means that every 1 USDC is supposed to equal 1 US dollar. USDC is issued and managed by the Centre consortium, which was founded by Circle and Coinbase.

USDC is characterized by its high transparency; its reserves of US dollars and equivalent assets are held in bank accounts that are subject to regular audits. USDC aims to combine the stability of fiat currencies with the benefits of blockchain, such as speed, security, and low transaction costs. It is widely used in trading, payments, and decentralized finance (DeFi), making it an important bridge between the world of traditional currencies and cryptocurrencies.