$USDC A little knowledge👈

USDC (USD Coin) is one of the most prominent "stablecoins" in the crypto ecosystem. Its main feature is that its value is designed to remain stable and pegged 1:1 to the US dollar. This means that 1 USDC should always equal 1 dollar.

It is issued by the Centre consortium, a collaboration between Circle and Coinbase, two regulated entities in the U.S. Unlike other volatile cryptocurrencies like Bitcoin or Ethereum, USDC seeks to offer the stability of the dollar in the digital world, allowing for fast and global transfers at low cost without the volatility of crypto markets.

Its backing is a key aspect of its trustworthiness. Each USDC in circulation is fully backed by reserves of US dollars or equivalent assets, such as short-term US Treasury bonds, held in segregated accounts at regulated financial institutions. Circle and Coinbase publish monthly audits conducted by reputable accounting firms to ensure transparency and compliance with this backing.

USDC is widely used in decentralized finance (DeFi) and as a bridge between traditional finance and the crypto space, facilitating trading, payments, and international remittances. Its transparency and regulatory compliance position it as a preferred option for users and institutions seeking stability and trust in the stablecoin market.