USDC, which stands for USD Coin, is a stablecoin that is pegged to the US dollar. This means that the value of USDC is directly tied to the value of the US dollar, providing stability and predictability for users. Stablecoins like USDC have become popular in the cryptocurrency market as they offer a way for users to mitigate the volatility often associated with digital currencies.

USDC is an ERC-20 token that runs on the Ethereum blockchain, making it compatible with a wide range of decentralized applications. It was launched in 2018 by Circle and Coinbase, two well-known cryptocurrency companies.

One of the main advantages of USDC is its transparency. Each USDC token is backed by a corresponding US dollar held in reserve, which is regularly audited by third-party financial institutions to ensure full backing.

Overall, USDC offers a reliable and stable option for those looking to transact in digital currencies without the risk of price fluctuations.#25#