USD Coin (USDC) is a digital currency that is fully backed by U.S. dollar assets. USDC is a tokenized U.S. dollar, with the value of one USDC coin pegged 1:1 to the value of one U.S. dollar. The value of USDC is designed to remain stable, making USDC a stablecoin.
Despite its name, it is important to note that USDC is not issued or backed by the U.S. government. USDC is an open-source project, meaning that anyone can view and contribute to the project's code.
You may be wondering about how USDC maintains the 1:1 peg with the U.S. dollar. If you initiate a transaction to buy one USD Coin using fiat currency, then that fiat currency is deposited and stored as one U.S. dollar and the new USDC is minted. If you sell a USD Coin in exchange for fiat currency, then the USDC is burned when the fiat money is transferred back to your bank account.
USD Coin is managed by Centre, a consortium co-founded by the cryptocurrency exchange Coinbase (COIN) and Circle, a financial technology company. Centre aims to change the global financial landscape by connecting every person, merchant, financial service, and currency worldwide.

In this dashboard, you will review the general status of Avalanche, Arbitrum, Optimism and Polygon networks and in-depth review of the USDC token in these networks.
In the first tab, we take a general look at the status of the networks that we are going to use in this dashboard and check them.
Also, in this dashboard, we have reviewed the following items :

• General analysis of the mentioned networks, such as the volume of transactions, the fee of each network, and the number of swaps, etc.
• Checking the transfer status of USDC token in any network.
• The number and volume of transactions in which the USDC token is deposited or withdrawn to the exchange.
• The number of USDC token holders per network.
• Mint and burn of USDC tokens on any network
• Checking the status of swaps during which the USDC token was traded (on any network)
• and More

Use Cases for USD Coin :

• Hedge against volatility: Investors with exposure to other cryptocurrencies can reduce their portfolios' volatility by strategically buying a stablecoin like USDC. Owning USDC during periods of significant market volatility can help to stabilize a portfolio's value.
• Pricing in fiat money: Digital assets listed on cryptocurrency exchanges can be priced in fiat money using a stablecoin like USDC.
• Stable price-pegging: The price stability of USDC enables the stablecoin to represent equity ownership or fund investments. USDC can also be used to represent liabilities or debt.
• Remittances: USDC can be used to send funds across borders. Recipients can store USDC without using a bank account or being concerned about price volatility.
• U.S. dollar exposure: Non-U.S. investors wishing to gain exposure to the U.S. dollar can add USDC to their cryptocurrency investment portfolios.
• Hedge against inflation: Non-U.S. investors concerned about inflation of their local currency can hold a stablecoin like USDC to help protect the value of their money.
• Global crowdfunding: Startup companies and nonprofit organizations can raise money from investors and donors worldwide by soliciting digital currency. Raising funds in the form of a stablecoin like USDC ensures that the value of the money raised does not fluctuate over time.
• Blockchain interconnection: Since USDC is compatible with several autonomous blockchains, using USDC can be a way to integrate payment systems and applications across blockchains.