whatisusdc

USDC, or the US Dollar Digital Currency, is a stablecoin fully backed by US dollars at a 1:1 ratio, aiming to bring the reliability of traditional currencies into the fast-evolving world of digital currencies. This currency was launched through the Centre consortium, a joint project between Circle and Coinbase.

Unlike volatile cryptocurrencies, USDC is backed by real cash reserves of US dollars and short-term Treasury bonds, and is regularly audited by independent third parties to ensure transparency and credibility, making it a reliable choice for investors and institutions.