What Is USDC?

USDC (USD Coin) is a stablecoin, meaning it is a cryptocurrency that is pegged to the value of the US Dollar. It is designed to maintain a value of 1 USDC = 1 USD, and its value is backed by US dollars held in reserve. USDC is used for a variety of purposes in the cryptocurrency space, including as a unit of account for trading, for remittances and as a medium of exchange. It operates on the Ethereum blockchain and is a popular choice for traders looking for a stable store of value in the cryptocurrency markets.

Read more.

See also stablecoin.