USDC is a stablecoin backed by the US dollar at a 1:1 ratio, issued by Circle in collaboration with Coinbase. USDC is characterized by its transparency, as its financial reserves are periodically audited by independent entities to ensure its credibility. USDC is widely used across trading platforms, digital payments, and decentralized applications (DeFi), making it a safe and reliable option for storing value or making quick transfers without market volatility. USDC is built on several blockchains such as Ethereum and Solana, which enhances its flexibility and ease of use. USDC acts as a bridge between the traditional financial system and digital currencies, playing a key role in promoting the global adoption of stablecoins.
