$USDC

The price of USD Coin (USDC) is designed to remain stable, typically pegged 1:1 to the US dollar. As a stablecoin, USDC aims to offer a reliable digital asset that minimizes volatility, making it a popular choice for traders, investors, and businesses in the cryptocurrency space. Its price remains close to $1 due to its backing by reserves held in cash and short-term US government bonds, which are regularly audited. While the price typically stays at $1, slight fluctuations may occur due to market dynamics or changes in investor confidence, but such deviations are generally short-lived.