USDC (USD Coin) is a type of stablecoin that is pegged to the US dollar on a 1:1 ratio. It is an ERC-20 token built on the Ethereum blockchain. USDC is issued and managed by the CENTRE Consortium, a collaboration between Coinbase and Circle. Users can obtain USDC by purchasing it from various cryptocurrency exchanges or by converting US dollars into USDC through approved financial institutions. USDC is designed to provide stability and liquidity in the cryptocurrency ecosystem.
