Krutika Adani
USDC (USD Coin) is a stablecoin pegged 1:1 to the US dollar. It’s widely used for crypto transactions, DeFi, and payments due to its price stability.
Each USDC is backed by real dollars or equivalent reserves. It’s issued by Circle and Coinbase through the Centre Consortium, ensuring transparency and security.
USDC is a top choice for traders, investors, and businesses. It powers DeFi lending, cross-border transactions, and seamless crypto-to-fiat conversions.
Compared to Tether (USDT), USDC is considered more transparent with regular audits. It also faces fewer regulatory concerns, making it a trusted option.
With increasing adoption, USDC is expanding to new blockchains and financial applications.