#BigTechStablecoin
USD Coin (USDC) is a fully backed stablecoin pegged to the U.S. dollar, meaning 1 USDC is designed to always equal 1 USD. It operates on various blockchains, including Ethereum and Solana, making it easily transferable and usable across platforms. Issued by Circle and governed by the Centre consortium, USDC is widely used in decentralized finance (DeFi), crypto trading, and cross-border payments due to its stability and transparency. Regularly audited reserves ensure each USDC is backed by cash or cash-equivalent assets. As a regulated digital dollar, USDC bridges traditional finance and crypto, offering fast, reliable, and programmable money.
