$USDC USDC is a stablecoin issued by Circle, designed to maintain a 1:1 peg with the US dollar. Each USDC is fully backed by reserves of USD and equivalents, held in regulated bank accounts in the United States. This makes it a stable digital asset, ideal for global transactions, payments, and as a store of value during periods of crypto volatility.

The approval of the GENIUS Act in the United States, a federal regulatory framework for stablecoins, strengthens USDC's position. The law imposes stringent security and transparency requirements on reserves, prohibiting practices such as rehypothecation and commingling of funds. This increases trust and legitimacy in USDC, paving the way for greater institutional adoption and broader use as a payment channel, extending the dominance of the dollar online.

I have been using it for several months, and you?

DYOR and if you want, follow me!