$USDC

USDC (USD Coinis a leading stablecoin pegged 1:1 to the U.S. dollar, designed to combine the stability of fiat currency with blockchain efficiency. Issued by Circle and Coinbase through the Centre Consortium, USDC is backed by cash and short-term U.S. Treasuries held in regulated institutions, ensuring transparency and trust. It enables fast, low-cost transactions globally, serving as a bridge in crypto trading, decentralized finance (DeFi), and cross-border payments. Regulatory compliance and monthly attestations by Grant Thornton reinforce its reliability. However, USDC faced scrutiny during the 2023 banking crisis when its reserves were briefly impacted by Silicon Valley Bank’s collapse, highlighting risks even in “stable” assets. Despite this, USDC remains a cornerstone of crypto liquidity and mainstream adoption.