Will USDC always be $1?

I've been hearing a lot about USDC, the stablecoin pegged to the US dollar. But I'm still a bit confused. Could you please explain to me, will USDC always be worth exactly $1? I understand it's designed to maintain a one-to-one ratio with the US dollar, but I'm wondering if there are any factors that might affect its value? What happens if there's a market crash or a major economic event? Could USDC's value deviate from $1? I'm trying to understand the risks involved in holding USDC and whether it's a reliable store of value. Could you clarify these points for me? Thank you in advance for your help.