$USDC USD Coin (USDC) is a stablecoin pegged to the US dollar, designed to maintain a stable value. It's a centralized cryptocurrency built on the Ethereum blockchain as an ERC-20 token. USDC was created by Circle and Coinbase to tokenize the US dollar, making transactions faster and more efficient.
*Key Features:*
- *Stable Value*: 1 USDC = 1 USD
- *Transparency*: Regular audits ensure reserves match circulating tokens
Wide Adoption: Used in DeFi applications, trading, and payments
Multi-Blockchain Support: Available on Ethereum, Solana, Polygon, and more
USDC offers stability, predictability, and low transaction costs, making it ideal for users seeking a reliable digital asset. Its market capitalization has reached $41 billion, with Circle investing reserves in short-dated US Treasury bills.