$USDC USD Coin (USDC) is one of the leading stablecoins or stable cryptocurrencies in the crypto market. It was created in 2018 and is currently managed by the Center consortium, a project comprised of duly regulated organizations in the U.S. and Europe, such as Coinbase and Circle.
Its main characteristic is that its price is associated at a 1:1 ratio with the US dollar (1 USDC = 1 DOLLAR). This is achieved because it is backed by financial assets in the accounts of its creators (such as bonds, currencies, stocks, among others), so each USDC that is minted has its due backing in an asset with a denomination equivalent to 1 dollar.
Unlike most cryptocurrencies (like bitcoin or ether), USDC always maintains the same value (≈ US$ 1), and its volatility is almost non-existent, so it can be used as a hedge during periods of high market volatility.