$USDC USDC (USD Coin) is a prominent stablecoin in the cryptocurrency world. Here's a breakdown of what it is and how it works:

What is USDC?

Stablecoin: USDC is a type of cryptocurrency designed to maintain a stable value, typically pegged 1:1 to a traditional fiat currency. In USDC's case, it's pegged to the United States dollar (USD). This means that, in theory, 1 USDC should always be worth 1 USD.

Issued by Circle: USDC is primarily issued by Circle, a regulated financial technology