$USDC USD Coin (USDC) is a leading stablecoin pegged 1:1 to the U.S. dollar, offering stability and transparency in the crypto market. Issued by Circle and backed by fully reserved assets, USDC is widely used for trading, remittances, and DeFi applications. However, its centralized nature and reliance on traditional banking systems pose risks, as seen during the 2023 SVB incident when USDC briefly lost its peg . Looking ahead, USDC is expected to maintain its $1.00 value, serving as a reliable medium of exchange and store of value in both traditional and digital economies #Web3 #PowellRemarks