Circle USYC (USYC) is a stablecoin issued by Circle, a financial technology company. It is pegged to the US dollar, meaning that each USYC token is backed by one US dollar held in reserve. This stablecoin is designed to provide price stability and facilitate seamless transactions on the blockchain. USYC can be used for various purposes such as trading, remittances, and payments, offering users the benefits of cryptocurrencies while mitigating price volatility.