#BigTechStablecoin

USDC is a stablecoin pegged to the US dollar, aiming for a 1:1 value. Launched in 2018, it operates on multiple blockchains, including Ethereum. Created by the Centre Consortium (a partnership between Coinbase and Circle), USDC offers a transparent and regulated alternative to other cryptocurrencies.

Each USDC is backed by US dollar-denominated assets held in regulated US financial institutions. This reserve is regularly audited, ensuring transparency and trust. USDC provides the stability of traditional fiat currency with the benefits of blockchain technology, making it useful for various applications like trading, DeFi, and global payments.