USDC (USD Coin) is a type of stablecoin, which means it's a cryptocurrency designed to maintain a stable value — in this case, pegged 1:1 to the U.S. dollar.
Definition:
USDC is a digital dollar issued by Circle and Coinbase through the Centre Consortium. Each USDC token is backed by an equivalent amount of U.S. dollar or dollar-denominated assets held in reserve, making it fully redeemable at any time for USD.
Key Features:
Stable value (1 USDC ≈ 1 USD)
Widely used in crypto trading, payments, and DeFi
Runs on multiple blockchains (Ethereum, Solana, Avalanche, etc.)
