USD Coin (USDC) is a stablecoin pegged to the US dollar, meaning its value is designed to remain stable at 1 USD per USDC. It is an ERC-20 token issued on the Ethereum blockchain, among other platforms. USDC is backed by fully reserved assets, ensuring its stability and reliability. It is widely used for trading, remittances, and payments within the cryptocurrency ecosystem, offering the stability of fiat currency with the efficiency of digital assets.