USDC (USD Coin) is a type of stablecoin issued by the CENTRE consortium, pegged to the value of the US dollar at a 1:1 ratio. It provides a stable and secure digital asset that allows users to store value in the form of a cryptocurrency without the volatility associated with other cryptocurrencies. USDC operates on blockchain technology, offering fast, secure, and transparent transactions while being backed by physical assets, making it more stable and reliable compared to other cryptocurrencies.