$USDC USDC, or USD Coin, is a stablecoin cryptocurrency developed by Circle and launched in September 2018. It's pegged to the US dollar, maintaining a 1:1 ratio, and operates on multiple blockchain platforms, including Ethereum, Solana, and Polygon.

*Key Features:*

- *Backed by Real Assets*: USDC is fully reserved, with assets held in cash and cash equivalents, providing stability and security.

- *Global Accessibility*: Available in 185 countries, USDC enables fast, low-cost transactions across borders.

- *Regulated*: Circle, the issuer of USDC, is a regulated financial service business, ensuring compliance with US laws and standards.

- *Transparency*: Monthly attestations and public disclosure of reserves provide transparency and accountability.

*Usage:*

- *Fast and Low-Cost Transactions*: USDC facilitates near-instant transactions, often for fractions of a penny.

- *Saving and Trading*: Users can hold USDC as a digital dollar, protecting against volatility, and trade on top exchanges.

- *Spending*: USDC enables secure, real-time payments online and in person.

*Circulation and Reserves:*

- *Circulation*: As of April 28, 2025, USDC had approximately $62.04 billion in circulation.

- *Reserves*: Backed by highly liquid cash and cash-equivalent assets, with the majority invested in the Circle Reserve Fund, managed by BlackRock.