USDC (USD Coin) is a stablecoin that is pegged to the US dollar on a 1:1 ratio, meaning that for every 1 USDC token, there is 1 US dollar held in reserve. This backing makes USDC a relatively stable and secure digital asset compared to other cryptocurrencies that can be more volatile. However, the strength of USDC ultimately depends on the trustworthiness and transparency of the entity that issues and manages the stablecoin.
