USDC Stablecoin Explained

USDC (USD Coin) is a stablecoin pegged to the US dollar's value. It is built on the Ethereum, Algorand,  Stellar, and Solana blockchains. USDC is issued by regulated financial institutions that have undergone a strict auditing and reporting process. These institutions hold actual US dollars in reserve and issue USDC tokens on a 1:1 basis. This means that for every USDC token in circulation, an equivalent amount of US dollars is held in reserve. USDC aims to provide a stable…