A stablecoin pegged to the US dollar, designed for use in the digital asset space.
USD Coin (USDC) is a stablecoin, a type of cryptocurrency whose value is pegged to a stable asset, typically a fiat currency like the US dollar. It is issued by regulated financial institutions and aims to provide the stability of the US dollar within the volatile cryptocurrency market. USDC is widely used for trading, remittances, and as a medium of exchange in decentralized finance (DeFi) applications.