$USDC

#USDC✅ is a stable coin.

Stablecoins are a type of cryptocurrency that are designed to minimize the volatility often associated with cryptocurrencies. They achieve this stability by being pegged to a reserve of assets. These assets can be a variety of things, such as a specific amount of a fiat currency like the dollar or euro, or other types of assets like gold or other cryptocurrencies. The value of a stablecoin is directly linked to the value of these underlying assets. If the value of the assets changes, so does the value of the stablecoin. This mechanism helps to maintain a stable value, hence the name stability.

There are primarily three types of stablecoins: fiat-collateralized, crypto-collateralized, and non-collateralized. Fiat-collateralized stablecoins are backed by fiat currencies like the dollar or euro. Each stablecoin is equivalent to a specific amount of the fiat currency, which is held in reserve