$USDC USDC (USD Coin) is a stablecoin pegged 1:1 to the US dollar, aiming to provide a stable digital currency for transactions and decentralized finance (DeFi). Launched in 2018 by Circle and Coinbase (via the Centre Consortium, now solely Circle), each USDC is backed by reserves held in regulated US financial institutions, primarily a mix of cash and short-term US Treasury bonds.

Its stability makes it a popular choice for traders seeking to preserve capital during volatile periods, for earning yield in lending and staking protocols, and for facilitating fast, low-cost global transfers. USDC operates on multiple blockchains, enhancing its accessibility and utility across the crypto ecosystem. Regular audits by independent firms ensure transparency and confirm the backing of USDC reserves.