A JOURNEY TO THE CRYPTO WORLD
USDC (USD Coin) is a stablecoin, which means it's a type of cryptocurrency designed to maintain a stable value. Here's a simple explanation:
🔹 What is USDC?
USDC is a digital version of the US Dollar — for every 1 USDC, there is $1 held in reserve (in cash or cash-equivalents like short-term U.S. Treasury bonds). This backing is intended to keep its price close to $1 at all times.
🔹 Who created it?
USDC was launched in 2018 by Circle in partnership with Coinbase, under the Centre Consortium.
🔹 Where is it used?
On blockchains like Ethereum, Solana, and others
For payments, trading, and DeFi (Decentralized Finance)
As a safe haven during crypto market volatility
🔹 Why is it important?
It allows people to use digital dollars without needing a traditional bank, while staying relatively stable in price — unlike Bitcoin or Ethereum, which can be very volatile.