$USDC

USDC (USD Coin) is a stablecoin, which means it's a type of cryptocurrency designed to maintain a stable value by being pegged 1:1 to the U.S. dollar. Here's a quick breakdown:

Issued by: Circle and Coinbase, via the Centre consortium.

Backed by: Each USDC is backed by actual cash or short-term U.S. government bonds held in reserve.

Blockchain: Runs on multiple blockchains like Ethereum, Solana, and others.

Use cases:

1. Digital payments and remittances

2. DeFi (decentralized finance) applications

3. Crypto trading with reduced volatility

4. Stable savings or yield earning in crypto wallets

It's widely considered one of the most trusted and transparent stablecoins in the market.