$USDC

USDC (USD Coin) is a stablecoin, a type of cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the US Dollar. In USDC's case, it aims to always be redeemable 1:1 for US dollars.

Here's a breakdown of key aspects of USDC:

* Issued by Circle: USDC is primarily issued by Circle, a global financial technology company. It was initially launched in 2018 through a consortium called Centre, a joint venture between Circle and Coinbase, though Circle later gained sole governance.