USDC (USD Coin) is a type of stablecoin that is issued by regulated financial institutions and is backed 1:1 by US dollars held in reserve. KYC (Know Your Customer) is a verification process used to confirm the identity of customers. In the case of USDC, the entities that issue and manage USDC typically have KYC procedures in place to comply with regulations, but USDC itself is not KYC - it is a type of cryptocurrency.
