#CircleIPO

✅ Definition:

Circle is not a currency, but an American financial technology company, and it is the developer and issuer of the stablecoin USDC (USD Coin), which is one of the most popular stablecoins in the crypto market.

💵 What is USDC?

USDC is a stablecoin backed 1:1 by the U.S. dollar.

It is issued by Circle in collaboration with Coinbase through a joint entity called Centre.

It is used to facilitate trading, transfers, and digital payments without volatility.

🔒 Why is USDC considered reliable?

Backed by real cash reserves that are subject to audits.

Subject to regulation by U.S. financial authorities.

Monthly reports on reserves are issued.

🧠 Use Cases for USDC:

Trading on platforms like Binance and Coinbase.

Fast transfers between wallets and banks.

Uses in decentralized finance (DeFi).

Stable online payments.

🟢 Conclusion:

Circle is the company behind USDC and is one of the prominent names in stablecoins.

USDC provides