USDC, or USD Coin, is a stablecoin pegged to the U.S. dollar, meaning each USDC is backed by one dollar held in reserve. Launched by Circle and Coinbase, it aims to provide a stable digital currency for transactions in the cryptocurrency ecosystem. USDC is widely used for trading, lending, and as a medium of exchange, offering the benefits of blockchain technology while minimizing volatility. Its transparency and regulatory compliance make it a trusted choice among stablecoins. #USDC #Stablecoin #Cryptocurrency #blockchain #DigitalCurrency