My Bull Coin of the Week:USDC

Hello to everyone in zero to infinity community and other communities around the world.It is yet another week and a great contest organized by @tarpan.And I am very happy to take part in this great contest. The best bullrun coin I am to talk about is USD coin.

USD coin is a digital stablecoin that is pegged to the United States dollar and runs on Ethereum, Stellar,Algorand,Solana,Trons and Hedera Hashgraph system. The stable coin was originally launched on a limited basis in September 2018.

According to wekipedia, the tokenization of the US Dollars into USD Coin happens in three process.
It is manage by the consortium called center,which was founded by Cirrcle and included members of the crypto currency exchange coinbase Bitcoin mining company bitmain and investor in Circle. It is #8 on CoinmarketCap. USDC is the world's fastest-growing, fully regulated dollar digital stablecoin. It is the second-largest stable coin globally, with $27 billion worth of coin in circulation.

On the March 2021, visa announced that it will allow the use of USDC to settle transactions on it's payment network.
As of June 2021, Circle states that there are 24.1 billion USDC in circulation.

1 A user sends USD to the Coin issuers bank account.

2 The issuer uses a USD Coin smart contract to create the equivalent amount of USD Coin.

3 The newly minted USD coin are sent to the user and the substituted US dollars are held in a reserve.

From CoinmarketCap.

One USDC to US dollar

Flipside Crypto demonstrate that USDC has the most reliable peg to the dollar on a 1:1 ratio as compare to other leading dollar digital currencies. USDC is a stable coin pegged to the price of a US dollar. It's goal is to make transactions faster and cheaper than traditional payment while reducing the volatility typically associated with cryptocurrencies like Bitcoin.

Thank you for your time and attention.