The $USDC (USD Coin) is a stablecoin pegged to the US dollar, created to provide stability in the cryptocurrency market. Each USDC is equivalent to one dollar, held in reserves regularly audited by trusted financial institutions. Launched in 2018 by Circle in partnership with Coinbase, this digital currency operates on the blockchain, facilitating fast and secure transactions. Unlike volatile cryptocurrencies like Bitcoin, USDC is widely used for payments, international remittances, and as a hedge against market fluctuations. Its transparency and parity with the dollar make it a popular choice among users and businesses. It is compatible with various blockchains, such as Ethereum, Solana, and Avalanche, expanding its utility in the DeFi ecosystem.