USD Coin is a fiat-backed digital currency created by Circle and managed by a consortium called Center. Pegged to the US dollar, the USD coin is the second most popular stablecoin after Tether.
USD Coin is a fiat-backed digital currency created by Circle and managed by a consortium called Center. Pegged to the US dollar, the USD coin is the second most popular stablecoin after Tether.
They are often pegged to fiat currency, such as the US dollar, and backed by collateral. People primarily use stablecoins on DeFi platforms and to hold money within the crypto ecosystem.
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