USDC (USD Coin) is a stablecoin, whose value generally remains equal to 1 US Dollar (USD). It was created by the Centre Consortium in collaboration with Circle and Coinbase.
Features of USDC:
Stablecoin: Backed by US dollars on a 1:1 basis.
Blockchain-based: Operates on Ethereum (ERC-20), Solana, Polygon, and other blockchains.
Applicability: Used in crypto trading, DeFi, payments, remittances, etc.
Regulated: Operated in compliance with U.S. regulators.
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