$USDC How USDC works?

USD Coin is a stablecoin (a cryptocurrency designed to maintain a 1:1 value with its associated currency) of the US Dollar.

🔸How it remains stable?

🔷USDC is completely supported by cash💵 and short-term US government securities📃. Its stability is supported by transparency and regular third-party audits🧐, ensuring it maintains its one-dollar peg.

🔷USDC's reliability is reinforced by being issued by Circle, a company committed to strict US rules and regulations.

🔹Transactions are quick 🏇 and inexpensive.

🔶Compared to a similar stablecoin like USDT, USDC is considered more stable, transparent regarding its reserve backing, and better regulated.

🔸The main advantage USDT holds over USDC is in liquidity and the variety of trading pairs, as it remains the most widely traded stablecoin across numerous cryptocurrency exchanges.

However, 🔹🔹🔹USDC is rapidly gaining popularity because of its advantages🔹🔹🔹. Another factor behind USDC growth is EU's decision to stop allowing USDT, along with other coins, trading on European countries, which enabled USDC to take its place as the mainly used stablecoin in the region. Binance, complying to EU's regulation, removed USDT coin trading from EU countries on March 31, 2025.