$USDC USDC (USD Coin) is a stablecoin—a type of cryptocurrency designed to maintain a stable value—pegged 1:1 to the U.S. dollar. Developed by Circle and Coinbase under the Centre Consortium, USDC offers the benefits of digital assets while minimizing price volatility. It runs on various blockchain platforms like Ethereum, Solana, and Avalanche, making it widely usable in decentralized finance (DeFi), remittances, and online payments. Each USDC token is backed by a corresponding U.S. dollar held in reserve, verified through regular audits. This transparency and stability make USDC a popular choice for users seeking reliability in the crypto space.