$USDC USD Coin (USDC) is a stablecoin pegged to the U.S. dollar, meaning each USDC token is backed 1:1 by real USD reserves held in regulated financial institutions. Launched in 2018 by Circle and Coinbase through the Centre Consortium, USDC is widely used for payments, trading, and decentralized finance (DeFi). It operates on multiple blockchain networks, including Ethereum, Solana, and Polygon, ensuring fast and low-cost transactions. Unlike volatile cryptocurrencies, USDC provides stability, making it ideal for remittances and digital transactions. Regular audits ensure transparency, reinforcing trust in its value and usability across various financial and blockchain-based applications.