$USDC

## USDC Stablecoin: A Bridge Between Traditional and Digital Worlds

**USDC (USD Coin)** is a stablecoin **backed by the US dollar** at a 1:1 ratio, issued by **Circle** in partnership with the "Coinbase" platform. It relies on blockchain technology (notably Ethereum and Solana) and features:

### Key Features:

1. **Transparency**: Its reserves are stored in cash and government bonds at licensed institutions (such as BlackRock). Monthly audited reports are published by "Grant Thornton".

2. **Speed**: International transfers within seconds at minimal cost, unlike traditional channels.

3. **Stability**: Its price stability around $1 makes it a safe haven from the volatility of digital currencies.

### Use Cases:

- **Trading**: A secure medium for purchasing other currencies without bank transfers.

- **Payroll Payments**: Used by companies like "Visa" for instant international settlements.

- **Hedging Against Inflation**: In countries with weak currencies (such as Lebanon and Argentina).

Challenges:

- **Regulatory Risks**: Subject to strict oversight (especially in the United States).

- **2023 Glitch**: Its value temporarily dropped to $0.87 due to the collapse of "Silicon Valley Bank" which held part of its reserves, but it regained its price within days.

Future of USDC:

Aiming to expand into **Decentralized Finance (DeFi)** and **global payment systems**, supported by partnerships with "Visa" and "Mastercard". According to "Circle", its transactions have exceeded **$9 trillion** since its launch in 2018.