USDC is a stablecoin cryptocurrency that is pegged to the U.S. dollar, providing users with the stability of traditional fiat currency in the digital world. It is backed by a reserve of U.S. dollars held by regulated financial institutions.

USDC is a stablecoin that offers stability by being pegged to the value of the US dollar. This unique feature ensures that the value of each USDC token remains close to $1, eliminating the price volatility experienced with other cryptocurrencies like Bitcoin or Ethereum.

The stability of USDC is advantageous for users, especially businesses and individuals who need a reliable medium of exchange or store of value. This stability is particularly useful for merchants who accept USDC as a payment method, allowing them to avoid the risks associated with price swings. Additionally, individuals can securely store their wealth in USDC without the fear of losing its value overnight.