USDC, which stands for USD Coin, is a stablecoin that is pegged to the US dollar. It is issued by regulated financial institutions and complies with certain standards to ensure its stability and safety. However, like any financial asset, it is not completely risk-free. The safety of USDC largely depends on the issuer's reserve backing and compliance with regulations. It is important to research the issuer and understand the risks associated with stablecoins before using them.
