$USDC : The stablecoin backed 1:1 by the US Dollar

USDC (USD Coin) is a regulated stablecoin issued by Circle, pegged 1:1 to the US Dollar and backed by cash and cash-equivalent reserves held in separate accounts with regulated financial institutions in the United States.

Key features:

- Transparency: Monthly attestations to verify reserve backing, ensuring full support.

- Multi-chain: Operates on Ethereum, Solana, and other blockchains for fast, low-cost transactions.

- Redemption flexibility: Users can (create) or redeem $USDT for $USDC via the Circle platform, adjusting supply based on demand.