$USDC is one of the most stable currencies in the stablecoin or crypto market.
It was born in 2018 and is currently under the direction of the Center consortium, a project comprised of organizations duly regulated in the U.S. and Europe, such as Coinbase and Circle.
Unlike most cryptocurrencies (like bitcoin or ether), USDC always maintains the same value (≈ US$ 1), and its volatility is almost zero, making it suitable as a hedge during periods of high market volatility.
USDC is an ERC-20 token that operates on the Ethereum network, the second most important blockchain currently, which means that details about its issuance and circulating capital are available from a responsible project.
All operations record that 100% of the tokens are duly backed.