$USDC

USDC is a stablecoin backed by the US dollar, issued by Circle in collaboration with Coinbase. USDC aims to provide relative stability in the value of digital currencies, as each USDC is equivalent to one US dollar, making it a popular choice for investors and traders seeking to avoid the volatility of other cryptocurrencies. USDC is used in numerous applications, including trading, money transfers, and reliance in decentralized finance (DeFi) services. USDC operates under the principle of transparency, as its reserves are regularly audited to ensure that it remains fully backed by the dollar.