USD Coin (USDC)

USD Coin (USDC) is a stablecoin pegged to the U.S. dollar at a 1:1 ratio, meaning each USDC token is backed by a corresponding dollar held in reserve. Issued by Circle, USDC operates on multiple blockchain platforms, including Ethereum and Solana. It is widely used in the cryptocurrency ecosystem for trading, DeFi, and cross-border payments, offering stability in a highly volatile market. USDC is regularly audited to ensure its dollar reserves are in place, making it a popular choice for those looking to store value or execute transactions in a stable digital currency.