USD Coin - USDC is a digital currency created in cooperation with three organizations: Center, Circle and Coinbase. This is called Stablecoin, i.e. a cryptocurrency designed to minimize fluctuations in value, and thus the convenience of use in everyday life. The USDC unit represents the value of one US dollar (USD) and is permanently tied to it.
USDC runs on Ethereum, which is a decentralized, programmable blockchain that enables developers to create a huge variety of applications and tokens. USDC was created to be a very useful form of digital money that would not experience sharp fluctuations in value during the course of the transaction. The use of the Ethereum ERC20 protocol means that international transfers in USD Coins take only a few minutes.
The USDC is secured by US dollar denominated assets with a fair value of at least equal to the value of USDC in circulation that are held in segregated accounts with US regulated financial institutions.