Hello esteemed steemians. It's great to participate in this week's assignment given by the professor @yohan2on. Well the professor is good in his educative format. Below is the answer to his
Homework task: Write about any one of the following Stable coins

• USD Coin (USDC)
• TrueUSD (TUSD)
• Paxos Standard (PAX)
• Digix (DGX)

USD Coin (USDC)

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INTRODUCTION
• What's A Stable Coin ?
Stable coins can be said to be the creating of a cryptocurrency token with a stability price that's being pinned to a fiat asset or still gold as the case may be. Due to its Influence in the traditional marketing investments, there's always a satisfaction and firmness in prices. Honestly, the stable coins has always been in a rush because it's large number of users and holders.

USDC was first declared on May 2018 which after much analysis it was then launched in September 2018. Currently this March 2021, about $10.5 billion USDC is been circulated. USD Coin (USDC) is a digital coin and it's pinned to its fiat currency which is United States dollar and it's transactions are done on the Ethereum and Algorand Blockchain.

USD Coin is been overseen by a consortium named Centre which was founded by Circle and Coinbase cryptocurrency exchange platform with as well as the inventor of Circle - Bitmain Company. USD Coin purpose is to help facilitate its fiat currency uses over the internet and blockchains. Moreover, USD coin tokens can be exchanged back to its fiat currency anytime and this transactions are ensured with ERC-20 smart contract.

HOW DOES USD COIN WORK

USDC is a 1:1 exhibit of one US dollar on Ethereum blockchain. It's an ERC-20 token that could be used in any app that supports it. To tokenize USDC with Circle, you'll need to sign up for an account, get your identity verified (KYC), then provide an eligible bank account for link up.

Steps On How To Tokenize USD To USDC

• Send your desired amount of USD needed in USDC to the creditor's traditional bank.
• The creditor confirms the transaction then sends exact conversion amount in USDC using any USDC supported smart contract.
• Then you've to forward the creditor your wallet address then he credits you Immediately.

How To Use USDC
• Well USDC are used to short cryptocurrencies and then help make it easier to both cash out and as well buy cryptocurrencies later in the future
• You can avoid the problems that comes with using fiat currencies in institutions and traditional instruments.
• You can totally avoid sudden high Increase using USD rate.
• You can buy goods and services from different dApps and blockchain-based games and as well send money securely and instantly because it's decentralized just in a very low rate.
• You can deposit & transfer USDC to ERC-20 compatible wallet addresses.

Where Could I Store My USDC.

You could use MyEtherWallet to store USDC because it's an ERC-20 token on the Ethereum blockchain, though any Ethereum wallet can get it stored.

Conclusion
Do you know currently that USDC has expanded beyond Ethereum wallet to tiger blockchains.
It was Initially an ERC-20 token. The coin is increasing and expanding by the day with quality projects and partnerships. Thank you professor @yohan2on. This is my knowledge so far on the USDC Topic.