Token is one of the most essential foundational elements in the blockchain world. From stablecoins and governance tokens to NFTs and RWA assets, all are built upon the Token mechanism. This article provides an in-depth analysis of the definition, types, operation, and application scenarios of Token, examining their critical role in DeFi, Web3, and the future digital economy.
USDC is a stablecoin pegged 1:1 to the U.S. dollar, jointly launched by Circle and Coinbase, and governed by the Centre Consortium.