$USDC USDC's Role in DeFi

In the field of decentralized finance (DeFi), USDC is one of the core assets. Its price stability makes it an ideal choice for liquidity pools, lending platforms, and trading pairs. For example, USDC is widely used for providing liquidity and collateral on Uniswap and Aave. The DeFi boom in 2020 drove a surge in USDC circulation, reaching $55 billion by July 2022. Users can earn interest by holding USDC or use it for smart contracts, enjoying the conveniences of blockchain finance. The compliance of USDC has also attracted more traditional institutions to enter the DeFi space.