$USDC USDC : The Dollar-Linked Stablecoin
1. What is USDC?
USD Coin (USDC) is a stablecoin pegged to the US dollar, developed by Circle in partnership with Coinbase. Its value is always close to $1, as each USDC in circulation is supposed to be backed by an equivalent reserve in dollars.
2. How does USDC work?
Centralized stablecoin: Each USDC is backed by dollar deposits or equivalent assets (Treasury bills).
Regular auditing: Circle publishes audits to ensure the transparency of the reserves.
Multichain: Available on multiple blockchains, including Ethereum, Solana, Polygon, Binance Smart Chain.
