$USDC

(USDC) is a prominent stablecoin in the cryptocurrency world. Here's a breakdown of key information:

* Stablecoin Nature:

* USDC is designed to maintain a stable value, pegged to the U.S. dollar. This means that 1 USDC is intended to be worth approximately $1.

* This stability contrasts with the volatile price fluctuations often seen in other cryptocurrencies.

* Backing and Reserves:

* USDC is backed by U.S. dollar-denominated assets, including cash and U.S. Treasury securities.

* Circle, the company behind USDC, emphasizes transparency by providing regular attestations of its reserves.