$USDC USD Coin (USDC) is a prominent stablecoin pegged 1:1 to the U.S. dollar, designed to offer stability in the volatile cryptocurrency market. Issued by Circle, USDC is fully backed by reserves comprising cash and short-term U.S. Treasury bonds, with holdings managed by BlackRock and custodial services provided by The Bank of New York Mellon .

Key Features of USDC

Stability: USDC maintains a near-constant value of $1.00, with minimal fluctuations.

Transparency: Circle provides daily, independent third-party reporting on the reserve portfolio, ensuring transparency .

Blockchain Compatibility: Initially launched as an ERC-20 token on Ethereum, USDC is now available on multiple blockchains, including Solana, Polygon, and Base .

Recent Developments