$USDC USDC (USD Coin) is a type of stablecoin, a digital currency pegged to the value of the U.S. dollar, ensuring its price remains stable. It is issued by Circle and Coinbase through the Centre Consortium. USDC is fully backed by reserves, including cash and short-term U.S. government securities, and undergoes regular audits to verify the reserves. Primarily used in the cryptocurrency space, USDC facilitates faster, cheaper, and more transparent transactions compared to traditional financial systems. It is widely adopted in decentralized finance (DeFi), trading, and remittances due to its stability and ease of use in digital transactions.