USDC is a stablecoin. As its name suggests, USDC’s value ties to the U.S. dollar, where each stablecoin attempts to i can't buy dogecoin on coinbase maintain a value roughly equal to $1. Download USDC vector (SVG) logo Halfpoint Images / Getty Images USDC aims to mirror the value of the U.S. dollar and act as the "U.S. dollar of the crypto ecosystem." Because of this, it maintains a relatively consistent value even if other cryptocurrencies fluctuate. But before we dive into the details, let’s first understand what’s a stablecoin. Today, numerous enterprises let payments for their solutions or goods by means of crypto, like USDC and ETH. This trend is expanding annually. Nowadays, you can pay with cryptocurrency for goods in many companies. USDC, and other stablecoins, arose partly to solve a critical problem: the relative volatility of crypto. However as the term &8220;stablecoin&8221; implies, the price is stable &8211; no guessing how much it&8217;s jumped overnight. Stability is relative, of course &8211; as the dollar goes, so does USDC. That relative stability allows investors to use USDC as collateral in smart contracts without fear of major price swings.