USDC, or USD Coin, is a stablecoin pegged to the US dollar, designed for fast, secure, and global transactions. Here's a brief overview ¹ ²:
- *Key Features*:
- *Stable Value*: USDC maintains a 1:1 ratio with the US dollar, reducing volatility.
- *Fast Settlement*: Transactions are processed quickly, often in real-time.
- *Global Accessibility*: USDC can be used for cross-border transactions.
- *Usage*: USDC is used for various purposes, including:
- *Payments*: Make secure, real-time payments online and in person.
- *Trading*: Protect against volatility and make trades on top exchanges.
- *Savings*: Hold digital dollars in 185 countries.
- *Backing*: USDC is fully backed by real cash and cash equivalents, with reserves held at premier global banking partners.
- *Availability*: USDC is available on major blockchains, including Ethereum, Solana, and Polygon, and can be accessed through various platforms like Binance and Coinbase.
