#WhiteHouseCryptoSummit USDC (USD Coin) is a stablecoin pegged to the US Dollar, meaning it maintains a 1:1 value ratio with the dollar. It is backed by reserves such as cash or short-term U.S. Treasury bonds, and its value is regularly audited by third parties to ensure transparency and stability. USDC is commonly used for digital payments, trading, and as a store of value in the cryptocurrency ecosystem. It is issued by regulated financial institutions, providing confidence to users in its stability. USDC operates on multiple blockchains, including Ethereum, Solana, and others, facilitating cross-platform compatibility.