$USDC

USDC (USD Coin) is a stablecoin backed by the US dollar at a 1:1 ratio, issued by Circle in collaboration with Coinbase. It aims to provide a safe and fast means for digital transfers without the volatility of traditional cryptocurrencies. USDC is indirectly affected by current events, especially those impacting trust in the financial system or US banks. For example, the US banking crisis in 2023 affected USDC when Circle faced issues with Silicon Valley Bank, temporarily causing the coin to lose its peg to the dollar. Additionally, government regulations against stablecoins or changes in US monetary policy impact its use and adoption.

Sources:

Circle.com

CoinDesk - USDC News