The USDC (USD Coin) is a stable digital currency (Stablecoin) pegged to the US dollar at a 1:1 ratio, meaning each unit is backed by one US dollar or an equivalent cash asset held in a transparent and organized reserve.

Here are its key features:

- Stability: It aims to maintain a constant value equal to one US dollar, making it a safe haven during times of market volatility.

- Transparency: It is issued by Circle in collaboration with Coinbase and is subject to strict financial oversight, with monthly reserve reports from major auditing firms.

- Uses: It is used in trading, international transfers, decentralized finance (DeFi), and digital payments.

- Adoption: Available on most major trading platforms and used in over 185 countries.

Currently, its price is around $0.9998, with a market cap exceeding $61 billion, making it one of the largest stablecoins in terms of usage and trust.

If you are considering using it for trading or as part of a hedging strategy, I can help you analyze its advantages compared to other stablecoins like USDT or DAI.