$USDC 100 words USDC, or USD Coin, is a type of cryptocurrency known as a stablecoin. It is designed to maintain a stable value by being pegged to the US dollar on a 1:1 basis, meaning one USDC is intended to equal one US dollar. This stability makes USDC an attractive option for those seeking to avoid the volatility often associated with other cryptocurrencies. It is widely used for digital transactions, offering a bridge between the world of traditional finance and blockchain technology. Its utility extends to various applications, including facilitating fast and efficient payments, providing liquidity in decentralized finance (DeFi) platforms, and enabling cross-border transfers without the high costs typically charged by banks.