$USDC
Here is a short article about USDC:
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What is USDC?
USDC (USD Coin) is a stablecoin tied to the US dollar at a 1:1 ratio, meaning that each unit of USDC is backed by a cash reserve equivalent to one US dollar. It was launched in 2018 by Circle in collaboration with Coinbase, and it operates on multiple blockchain networks, such as Ethereum, Solana, and Avalanche.
USDC aims to provide a stable digital means of transferring value, without the sharp price fluctuations that characterize cryptocurrencies like Bitcoin or Ethereum. It is used by individuals and businesses for transfers, trading, and funding decentralized projects (DeFi).
One of the advantages of USDC is that it is regulated and its reserves are subject to monthly audits by independent entities, which enhances trust in it compared to some other stablecoins.
USDC is a popular choice for users who want to protect themselves from market volatility while retaining the ability to use cryptocurrencies in daily transactions.
