USDC (USD Coin) is a type of digital currency designed to be a digital version of the US dollar, with each USDC token representing one US dollar. It's also known as a stablecoin, which means that the value of USDC is meant to be stable.

USDC can be used for a variety of purposes, including sending and receiving payments, buying and selling goods and services online, and even as a form of investment.

Overall, USDC is a digital currency that aims to provide the benefits of cryptocurrency, such as fast and secure transactions, while also offering the stability and reliability of traditional fiat currencies like the US dollar.

You can learn more about USDC's operations, treasury management and reserve backing from Circle's Transparency & Stability hub.