USDC (USD Coin) is a popular stablecoin cryptocurrency that is pegged to the US dollar. Some key facts about USDC: - USDC is issued by the Centre consortium, which was founded by [[Circle]] and [[Coinbase]]. It is fully backed by US dollar reserves held in bank accounts. - The goal of USDC is to provide a digital currency that maintains a stable 1:1 peg with the US dollar, allowing for price stability compared to more volatile cryptocurrencies. - USDC is built on top of the Ethereum blockchain and uses the [[ERC-20]] token standard. This makes it compatible with [[Ethereum]]-based decentralized applications (dApps) and wallets. - USDC can be transferred between cryptocurrency exchanges and wallets just like other cryptocurrencies, but its value is designed to remain steady at around $1 per coin. - USDC is regularly audited to ensure its reserves are fully backed by US dollars held in regulated financial institutions. This helps maintain its stability and transparency. - USDC is one of the most widely adopted stablecoins, with billions of dollars in circulation. It is used for things like trading, lending, payments, and as a store of value within the crypto ecosystem.