USD Coin (USDC) is a stablecoin that is pegged to the U.S. dollar, which means that its value is always equal to one dollar. It’s a decentralized cryptocurrency that allows for fast, secure and low-cost transactions. It was created by Circle and Centre, and it operates on the Ethereum blockchain using the ERC-20 standard.
USDC is an alternative to traditional money transfers and it is used to facilitate transactions in the crypto world, it can be used to buy and sell goods and services, trade other cryptocurrencies and also used as a store of value. Its value is pegged to the US dollar which makes it less volatile than other cryptocurrencies, and it’s also audited regularly to ensure that every USDC in circulation is backed by a corresponding US dollar held in reserve. USDC is widely accepted by merchants and businesses and it’s also supported by several crypto exchanges, wallets, and other platforms.
