$USDC USDC (USD Coin) is a stablecoin, meaning it is managed to always be equivalent to 1 US Dollar. It was created by a company called Circle and is maintained in partnership with Coinbase. It is said that for every coin backing USDC, an equal amount of US Dollars or equivalent cash reserves is held in a bank.

Its main benefits:

Helps to trade in the crypto market without volatility.

Can be used for peer-to-peer transactions as digital money.

Used in DeFi, NFTs, and centralized exchanges (Binance, Coinbase).

Its price will remain close to the US dollar.