$USDC USDC is a stablecoin, meaning its value is pegged to the US dollar at a 1:1 ratio. It was created in 2018 by Circle and Coinbase as a way to have a stable and transparent cryptocurrency. Each USDC is backed by one US dollar or equivalent assets held in regulated accounts.

USDC operates on multiple blockchains, primarily as an ERC-20 token on Ethereum. Its stability makes it a useful tool for trading, payments, and decentralized finance (DeFi), providing a less volatile alternative to other cryptocurrencies. USDC reserves are regularly audited to ensure their backing and transparency. It is the second largest stablecoin by market capitalization.