$USDC (USD Coin) is a leading regulated stablecoin backed 1:1 by U.S. dollars or equivalent assets, ensuring full transparency and stability. Issued by Circle and governed by Centre—a consortium co-founded with Coinbase—USDC operates on multiple blockchains, including Ethereum, Solana, and Avalanche. It enables fast, low-cost global payments, making it popular in DeFi, trading, and cross-border remittances. Monthly audits by top accounting firms ensure its reserves match circulation. USDC is increasingly used by institutions and fintech firms due to its compliance-focused model. As stablecoin adoption grows, USDC plays a vital role in bridging traditional finance with blockchain-based digital economies.