$USDC **USDC** (USD Coin) is a stablecoin, meaning its value is pegged to the US Dollar. Each USDC token is backed 1:1 by reserves of US dollars or equivalent assets, ensuring its stability. It’s an ERC-20 token, built on the Ethereum blockchain, but is also available on other chains like Solana, Algorand, and Avalanche.

USDC is widely used for trading, lending, borrowing, and as a safe store of value in the crypto space, especially in volatile markets. It allows crypto users to avoid the fluctuations typically associated with other cryptocurrencies like Bitcoin or Ethereum, making it a go-to for stability.

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