$USDC USD Coin (USDC) is a stablecoin designed to maintain a constant value of $1 USD. Created by the Centre Consortium — a partnership between Coinbase and financial technology firm Circle — USDC is a type of cryptocurrency that bridges the gap between traditional fiat money and blockchain-based finance.

USD Coin (USDC) is a stablecoin, a cryptocurrency backed by U.S. dollars or dollar-denominated assets like U.S. Treasury securities. USDC's cash assets are held in segregated accounts with regulated U.S. financial institutions and its reserve portfolio is held at the Bank of New York Mellon.