What distinguishes USDC from others is that it is backed 1:1 by the US dollar and governed by trusted entities like Circle, which makes it more stable and transparent. This means that when a company uses it for transfers or payments, they know that the value is preserved and there are no surprises like those that occur with other currencies.

Stripe believes that USDC is the ideal solution for countries with volatile currencies or issues in the banking infrastructure. Companies there can use this currency to receive money, pay salaries, or make cross-border payments without huge fees or delays.