#WhiteHouseCryptoSumit USDC (USD Coin) is a stablecoin pegged to the U.S. dollar, designed to maintain a 1:1 value ratio with the dollar. Developed by Circle and Coinbase under the Centre consortium, USDC is widely used in the cryptocurrency market for trading, remittances, and as a store of value. It is an ERC-20 token on the Ethereum blockchain but also exists on other blockchains like Solana and Algorand. USDC aims to provide stability in the volatile crypto market, offering users a reliable digital asset that can be easily converted to fiat currency or used in decentralized finance (DeFi) applications.