$USDC
: USDC is a stablecoin pegged to the US dollar at a 1:1 ratio, meaning its value is designed to remain constant (~$1 USD). It is primarily used for fast transactions, storing value without volatility, and as a bridge between fiat currencies and cryptocurrencies.
Blockchain: USDC operates on multiple blockchains, including Ethereum, Solana, Stellar, and, recently, the XRP Ledger (XRPL).
Issuer: Managed by Circle and backed by audited reserves of US dollars and equivalents.
Use: Ideal for payments, remittances, trading on exchanges, and DeFi applications due to its stability.
XRP
Type: Native cryptocurrency.
Purpose: XRP is the native token of the XRP Ledger, a decentralized blockchain designed for fast and low-cost cross-border payments. Its main goal is to facilitate efficient international transfers, especially for financial institutions.
Blockchain: Exclusively on the XRP Ledger (XRPL), created by Ripple in 2012.
Features:
Fast transactions (3-5 seconds).
Low cost (~$0.0002 per transaction).
Federated consensus instead of mining, making it more energy efficient.
Maximum supply of 100 billion XRP, with ~59 billion in circulation.
