USDC is a stablecoin created by Center and Coinbase, with the aim of competing with USDT and integrating into the payment systems of the two companies, as well as providing a more transparent operational structure than its competitors.
Stablecoins are not a new concept in the world of cryptocurrencies. In this sense, the arrival of Tether (USDT) marks a before and after, allowing people who use cryptocurrencies such as Bitcoin or Ethereum and want to quickly switch the exchange to a currency with "less volatility". Fast Trading.
Since USDC is a currency pegged 1:1 to the US dollar, and this legal currency has no (and never will) issuance restrictions, the USDC smart contract is special in that currency issuance is unlimited.
