USDC is a stablecoin pegged to the US dollar at a 1:1 ratio. It is issued and regulated by Circle, and it boasts high transparency as its reserves are held in regulated accounts. USDC aims to provide a stable digital currency for trading and transactions across the blockchain, making it a valuable tool in the field of decentralized finance (DeFi) and exchanges. It offers fast transactions and low fees, and is widely used across various blockchain networks.