$USDC is a stablecoin pegged to the US Dollar.
Each token aims to maintain a 1:1 ratio with USD.
It reduces price volatility, ideal for stable value storage.
Backed by collateral reserves: fiat, crypto, or algorithms.
Used for hedging during crypto market downturns.
Keeps value steady in trading pairs like BTC/USD1 or ETH/USD1.
Example: Daily trade volume โ $50M-$100M on major DEXs.