$USDC (USD Coin) is a stablecoin pegged to the US dollar, meaning its value is designed to stay close to $1.00 at all times. It is issued by Circle and governed by the Centre Consortium, which includes Circle and Coinbase.
Key Features of $USDC:
Fully Backed: Each USDC token is backed 1:1 by US dollar reserves or equivalent assets.
Regulated & Transparent: Circle provides regular audits to verify its reserves.
Blockchain Compatibility: Available on multiple blockchains, including Ethereum, Solana, and Avalanche.
Use Cases: Commonly used for trading, payments, DeFi, and remittances.
Unlike volatile cryptocurrencies, USDC offers stability, making it a preferred choice for traders and investors to hedge against market fluctuations.
