$USDC USDC (USD Coin) is a stablecoin pegged to the US dollar, designed to maintain a stable value. Here's an overview:

- *Backing*: USDC is backed by US dollar-denominated assets, such as cash and short-term US Treasury bills, held in reserve.

- *Transparency*: USDC issuers, like Circle, provide regular attestations to demonstrate the coin's backing.

- *Use Cases*: USDC is used for various purposes, including payments, trading, and lending, due to its stable value and low volatility.

- *Regulation*: USDC is subject to regulatory oversight, and its issuers must comply with relevant laws and regulations.

USDC's stability and transparency make it a popular choice for users seeking to mitigate cryptocurrency volatility.