$USDC USD Coin (USDC) is a type of stablecoin, a digital cryptocurrency pegged to the U.S. dollar on a 1:1 ratio. It was launched in 2018 by Circle and Coinbase through the Centre Consortium. Unlike volatile cryptocurrencies like Bitcoin, USDC maintains price stability, making it ideal for payments, remittances, and DeFi applications. Each USDC is backed by a reserve of U.S. dollars or equivalent cash assets held in regulated U.S. financial institutions. It runs on multiple blockchains, including Ethereum, Solana, Polygon, and others. USDC is widely used for trading, lending, and staking, and is considered one of the most trusted stablecoins due to its transparency, audits, and regulatory compliance in the growing digital finance ecosystem.

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