$USDC In the world of cryptocurrencies, where volatility is often very high, stablecoins have become a lifeline for investors. Among them, two giants stand out. These are USDC and USDT.
USDT and USDC are stablecoins, a special kind of cryptocurrency tokens created to maintain a stable value. This is why they are pegged to the value of a stable asset, most often the US dollar, making them less volatile compared to other cryptocurrencies.
USDC is fully backed by US dollars and short-term US Treasury bonds, which are held in accounts at regulated American financial institutions.
USDC, like many other cryptocurrencies, exists on various blockchain platforms. This allows users to choose the most convenient and cost-effective way to use USDC depending on their needs and preferences of a specific network.