USD Coin Bridged. Price of cryptocurrency: $ 1.00013001

What is the name of the currency? TheUSD coin is pegged to the U.S. dollar on a 1:1 basis. In a mix of cash and short-term U.S. money, $1 is held in reserve for every unit of this coin. Treasury bonds are government securities.
The stable coin was launched on a limited basis.
There are several use cases for the USD coin.
The goal is to create anecosystem whereUSDC is accepted by as many wallet, exchanges, service providers and dApps as possible.
Who are the people who started theUSD coin? There are two founding members of the Centre Consortium. Circle is a peer-to-peer payment services company, while the other is the coin exchange.

The major upgrade to the protocol and smart contract was announced in 2020.