$USDC USD Coin (USDC) is a stablecoin launched in 2018 by Circle in partnership with Coinbase, designed to offer a digital alternative to the US dollar. Each USDC is backed by equivalent dollar reserves, ensuring that 1 USDC is always worth 1 USD, providing stability in the cryptocurrency market.
USDC operates on several blockchains, such as Ethereum, Solana and Binance Smart Chain, making it highly versatile and widely used. Its main applications include:
• Trading: Facilitates fast trades between different cryptocurrencies.
• DeFi: It is widely used in decentralized financial platforms as collateral or to obtain yields.
• Payments: Allows for fast and cheap international transfers.
• Volatility protection: Serves as a safe haven in times of instability in the crypto market.
USDC's transparency is reinforced by regular audits of its reserves that guarantee its parity with the dollar. Today, it is one of the most trusted and used stablecoins, being a fundamental part of the crypto ecosystem and the transition to the global digital economy.