USD Coin (USDC) is a stablecoin pegged to the U.S. dollar, offering stability in the volatile crypto market. Issued by Circle and Coinbase via the Centre Consortium, each USDC is backed 1:1 by cash or cash-equivalent reserves. It operates on multiple blockchains like Ethereum, Solana, and Polygon, ensuring fast and low-cost transactions. USDC is widely used in DeFi, trading, and payments, offering transparency with regular audits. Unlike volatile cryptocurrencies, its value remains stable, making it a preferred choice for businesses and individuals seeking reliability in digital finance.
