$USDC

USD Coin (USDC) is a popular stablecoin pegged to the U.S. dollar on a 1:1 basis. It was launched by Circle in partnership with Coinbase and operates under the Centre Consortium. USDC is backed by cash reserves and short-term U.S. Treasury bonds, ensuring transparency and stability.

USDC is widely used for trading, payments, and DeFi applications, offering fast transactions and low fees. Unlike algorithmic stablecoins, USDC maintains its peg through full collateralization. However, regulatory scrutiny and concerns about centralization remain. Despite competition from Tether (USDT) and other stablecoins, USDC is considered one of the most reliable digital dollars in the market.