$USDC USD Coin ($USDC) is a stablecoin pegged to the US dollar at a 1:1 ratio. It was launched in 2018 by Circle in collaboration with Coinbase and operates under the Centre Consortium.

Key Features of USDC:

Fully Backed: Every USDC token is backed by cash or short-term US Treasury bonds, ensuring its stability.

Regulated & Transparent: Regular audits confirm its reserves, making it one of the most trusted stablecoins.

Fast & Low-Cost Transactions: It allows near-instant transfers on multiple blockchain networks, including Ethereum, Solana, Avalanche, and more.

Widely Used: USDC is popular in trading, payments, and DeFi applications due to its reliability and regulatory compliance.

Use Cases of USDC:

1. Crypto Trading: A stable store of value for traders avoiding market volatility.

2. Payments & Remittances: Fast and low-cost international transactions.

3. Decentralized Finance (DeFi): Used for lending, borrowing, and yield farming.

4. Institutional Adoption: Many businesses and institutions use USDC for settlements.