$USDC
The currency $USDC is a stable digital currency (Stablecoin) pegged to the US dollar at a 1:1 ratio, meaning every USDC is backed by a dollar or its equivalent in reserves.
In short:
🪙 Type: Stablecoin
💵 Value: Always ≈ 1 US Dollar
🏦 Backed by: Issued by Circle in collaboration with Coinbase under a consortium called Centre
🔐 Purpose: To facilitate transfers, trading, and digital payments quickly and reliably
🌍 Usage: Widespread in DeFi, exchange platforms, wallets, and cross-border payments
USDC = dollar, but in a faster and smarter digital version. ⚡💸