USDC

USDC is a stablecoin maintaining a 1:1 peg with the U.S. dollar, backed by reserves comprising cash and short-term U.S. Treasury bonds. Issued by regulated financial institutions under the Centre consortium, USDC was introduced on a limited scale in September 2018. This digital asset aims to facilitate cashless transactions, embodying the motto “digital money for the digital age.” USDC offers multiple use cases, including providing a stable asset for crypto traders during market volatility and enabling businesses to accept digital asset payments. Additionally, it has applications in decentralized finance (DeFi) and the gaming industry. The overarching objective is to integrate USDC into a broad ecosystem, ensuring its acceptance across numerous wallets, exchanges, service providers, and decentralized applications (dApps).