$USDC

Understanding USDC: A Stablecoin for Digital Transactions

USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, which is pegged 1:1 to the U.S. dollar. Launched in 2018 by Centre, a consortium founded by Circle and Coinbase, USDC offers a secure and transparent way to transfer digital dollars globally. It is backed by fully reserved assets, meaning each coin is redeemable for one real U.S. dollar. USDC runs on multiple blockchains, including Ethereum, Solana, and Polygon, making it versatile and widely accessible. Its stability and compliance with regulations make it popular for payments, trading, and DeFi (Decentralized Finance). USDC bridges traditional finance with blockchain innovation, offering speed and trust.