USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, which is pegged to the US dollar on a 1:1 basis. Each USDC is backed by a dollar held in reserve, or by other approved investments, ensuring its stable value. USDC is widely used for trading, savings, and other financial applications where users wish to avoid the volatility typical of other cryptocurrencies. It operates across multiple blockchain platforms, providing a secure and transparent way to transact in digital dollars.
