#GENIUSActPass USDC (USD Coin) is a stablecoin pegged 1:1 to the US dollar. Issued by Circle, it's designed to offer price stability in the volatile crypto market. Each USDC in circulation is backed by an equivalent amount of US dollars and highly liquid cash equivalents, held in regulated bank accounts and subject to regular attestations. This transparency and backing aim to ensure its redeemability for US dollars at any time. USDC facilitates faster, cheaper, and 24/7 global transactions, bridging traditional finance with the blockchain ecosystem and enabling various DeFi applications.