USD Coin (USDC) is a type of digital currency known as a stablecoin, which is designed to maintain a stable value by being pegged to the U.S. dollar. Each USDC is backed by one U.S. dollar held in reserve, making it a reliable option for those looking to transact in cryptocurrency without the volatility often associated with other digital currencies. USDC is widely used in the cryptocurrency ecosystem for various purposes, including trading, remittances, and as a means of storing value. It is issued by Circle and is supported by various exchanges and wallets, making it easily accessible for users around the world.