What is USDC?
USDC - an alternative to other USD backed cryptocurrencies like Tether (USDT) or TrueUSD (TUSD)
USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.
by US dollars
Each USDC is backed by one US dollar, which is held in a bank account.
USD Coin is an Ethereum token, so you can store it in an Ethereum-compatible wallet.
For customers with a US dollar bank account, 1 USDC can always be redeemed for US$1.00, giving it a stable price.