USDC is a type of cryptocurrency known as a stablecoin. Its value is pegged to the US dollar, meaning it aims to maintain a 1:1 value ratio with the USD. This is in contrast to other cryptocurrencies like Bitcoin or Ethereum, whose values can fluctuate widely. USDC is natively accessible for 15 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, and TRON. The value of this coin is maintained by holding U.S. dollars or equivalent in reserve. An accounting firm is tasked with verifying the levels of cash held in reserve, ensuring this matches up with the number of tokens in circulation. New coins are created in line with demand, whenever someone wants to acquire one with their dollar.