USDC (USD Coin) is a stablecoin, meaning its value is pegged to the US Dollar at a 1:1 ratio. This is achieved through reserve backing and smart contract mechanisms. Therefore, USDC is designed to maintain a stable value of $1 USD. It does not experience the same price volatility as other cryptocurrencies like Bitcoin or Ethereum. So, USDC does not typically fluctuate in value like other cryptocurrencies, such as going up or down in value.
