$USDC – USD Coin Overview

USDC (USD Coin) is a fully-backed stablecoin pegged 1:1 to the US Dollar. It's issued by Circle in collaboration with Coinbase under the Centre Consortium.

🔍 Key Features:

Fiat-Backed: Every USDC is backed by dollar-denominated assets (cash & US treasuries).

Transparency: Monthly reserve attestations by top accounting firms.

Regulatory-Friendly: Known for being compliant with US financial regulations.

Multichain: Available on Ethereum, Solana, Avalanche, Polygon, Base, Arbitrum & more.

🧠 Why It Matters:

Widely used in DeFi, NFTs, cross-border payments, and crypto trading.

Trusted by institutions due to its transparency and governance.

Plays a key role in the adoption of regulated stablecoins globally.

🔁 1 USDC ≈ $1

📉 Volatility: Very low

🛠️ Use cases: Stable trading pair, remittances, savings, lending/yield protocols.