Can USDC go down?

Could you elaborate on the potential for USDC's value to decline? Given the volatile nature of cryptocurrencies, is there a significant risk associated with the price fluctuations of USDC? Could factors such as market sentiment, regulatory changes, or technological advancements impact its value? Would it be advisable to diversify my holdings in order to mitigate potential losses? And, ultimately, how can I stay informed about any developments that might affect the stability of USDC?