USDC, or USD Coin, is a type of digital currency known as a stablecoin. It is designed to maintain a stable value by being pegged to the U.S. dollar, meaning that one USDC is always worth one U.S. dollar. This stability makes it useful for transactions and as a store of value in the volatile world of cryptocurrencies. USDC is issued by Circle and Coinbase through the Centre consortium. It operates on various blockchain networks, allowing users to send and receive funds quickly and securely. Because it is backed by reserves of U.S. dollars, USDC aims to provide transparency and trust in the digital currency space.