USDC (USD Coin) is a type of cryptocurrency known as a stablecoin that is pegged to the US dollar on a 1:1 ratio. It is an ERC-20 token on the Ethereum blockchain and is designed to maintain a stable value relative to the US dollar, making it a popular choice for traders and investors looking to minimize volatility. USDC is issued by regulated financial institutions and can be used for various purposes such as digital payments, trading, and remittances.
