USDC is a stablecoin pegged to the US dollar at a 1:1 ratio, meaning each unit is actually backed by one dollar held in reserve. USDC was developed by Circle in collaboration with Coinbase and is used across multiple blockchain networks such as Ethereum and Solana. The currency aims to provide a stable and secure digital payment method used for transfers, trading, and decentralized applications (DeFi). Thanks to its stability and ease of use, USDC is one of the most reliable and widely-used stablecoins, and it is extensively used as a digital alternative to cash in the global digital economy.