$USDC is a stablecoin backed 1:1 by US dollars or equivalent assets, giving it certain advantages in the crypto and financial world. Here are some:

1. Stability: Its value is pegged to the dollar, which reduces the typical volatility of other cryptocurrencies.

2. Transparency: It is regularly audited to ensure that reserves fully back the supply of USDC.

3. Speed and costs: USDC transfers are fast and, depending on the network used (Ethereum, Solana, Polygon, etc.), can be cheaper than traditional bank transfers.