#CoinTypes USD Coin (USDC): A Stable Digital Dollar

USD Coin (USDC) is a type of stablecoin, a digital currency pegged 1:1 to the U.S. dollar. Launched by Centre, a consortium co-founded by Coinbase and Circle, USDC offers the stability of the dollar with the speed and flexibility of blockchain technology. Each USDC is backed by fully reserved assets held by regulated financial institutions, ensuring transparency and trust. It's widely used in decentralized finance (DeFi), trading, remittances, and online payments. With fast transactions and minimal fees, USDC provides a reliable bridge between traditional finance and the crypto world. As digital finance evolves, USDC plays a key role in the future of money.