USDC is a stablecoin issued by Circle, designed to maintain a 1:1 parity with the US dollar. It is backed by cash and cash-equivalent assets, such as short-term US Treasuries, held in reserve. USDC is used in a wide range of digital finance applications, including peer-to-peer transfers, cross-border remittances, payments, savings, and DeFi trading.
USDC is a stablecoin issued by Circle, designed to maintain a 1:1 parity with the US dollar. It is backed by cash and cash-equivalent assets, such as short-term US Treasuries, held in reserve. USDC is used in a wide range of digital finance applications, including peer-to-peer transfers, cross-border remittances, payments, savings, and DeFi trading.
