$USDC

USDC (USD Coin) is a popular stablecoin that is pegged 1:1 to the U.S. dollar. It was launched in 2018 by Circle in partnership with Coinbase, and operates on multiple blockchains like Ethereum, Solana, and Avalanche. Each USDC token is backed by an equivalent amount of U.S. dollar reserves held in regulated financial institutions, which are regularly audited for transparency. Unlike volatile cryptocurrencies like Bitcoin or Ethereum, USDC is designed to maintain a stable value, making it useful for trading, remittances, and DeFi (Decentralized Finance) applications. USDC allows users to move dollars quickly and cheaply on blockchain networks and is often used as a safe haven during crypto market volatility or for earning yields in DeFi platforms.