$USDC (USD Coin) Overview:*
- *What is $USDC? A stablecoin pegged 1:1 to the US Dollar, issued by Circle and Coinbase.
- *Backed by:* US dollar reserves and short-term government securities.
- *Key Features:*
- Stable value ($1 USD per $USDC)
- Transparent and regularly audited
- Fast and cheap transactions
- Widely accepted in crypto
- *Use Cases:* Payments, trading, DeFi, savings, and hedging.
- *Pros:* Fast transactions, regulatory compliance, and wide acceptance.
- *Cons:* Centralized, subject to regulatory scrutiny, and reliant on issuer trustworthiness.
