USD Coin (USDC) is a stablecoin backed by US dollars, which are held in reserve by regulated financial institutions. US dollar-backed stablecoins such as USDC allow users to send and receive USD-denominated value using cryptocurrency infrastructure.
The tokens themselves are issued by regulated financial institutions, and every token can be redeemed for one dollar — effectively providing a price stable cryptocurrency.
Note that Ledn only sends and accepts USDC ERC-20 tokens on the Ethereum network. Any USDC sent to Ledn by other chains will not be received by us and cannot be retrieved.
You can learn more about USDC on their official website.