USDC (USD Coin) is a stablecoin designed to maintain a constant value of $1 USD. Created by the Centre Consortium, a partnership between Coinbase and Circle, USDC bridges traditional finance and blockchain-based finance. It's a fiat-backed stablecoin, meaning each token is pegged to the US dollar, providing stability and trust in the volatile crypto landscape ¹.
*Key Features:*
- *Stable Value*: USDC maintains a 1:1 ratio with the US dollar, making it a reliable store of value.
- *Transparency*: USDC's reserves are subject to monthly attestations by an independent accounting firm, ensuring the token's backing.
- *Global Accessibility*: USDC enables fast, low-cost transactions across borders, available to individuals with an internet connection in over 180 countries ¹ ².
*Use Cases:*
- *Trading*: USDC provides a stable store of value for traders, allowing them to hedge against market volatility.
- *Payments*: USDC facilitates fast and low-cost transactions, making it an attractive option for global payments.
