$USDC

$USDC **What is USDC Coin?**

**USDC (USD Coin)** is a **stablecoin** pegged 1:1 to the US dollar, meaning each USDC is backed by an equivalent amount of cash and short-term US Treasury reserves. It was launched in 2018 by **Circle** and **Coinbase** through the Centre Consortium and operates on multiple blockchains, including Ethereum, Solana, and Avalanche.

#### **Key Features of USDC:**

- **Stability:** Maintains a fixed value of $1, minimizing volatility.

- **Transparency:** Reserves are regularly audited for full backing.

- **Fast & Cheap Transactions:** Enables quick cross-border payments with low fees.

- **Widely Accepted:** Used in DeFi, trading, remittances, and as a dollar alternative in crypto.

USDC is a trusted digital dollar for secure, transparent, and efficient transactions.