$USDC USD Coin (USDC) is a type of stablecoin, a digital cryptocurrency that is pegged to the U.S. dollar on a 1:1 basis. Developed by Circle and Coinbase, USDC is issued by regulated financial institutions and is fully backed by dollar reserves or equivalent assets. Its main purpose is to provide the stability of fiat currency with the efficiency of blockchain technology. USDC operates on several blockchains, including Ethereum, Solana, and others. It is commonly used for trading, payments, and decentralized finance (DeFi). Transparency is maintained through regular audits, ensuring that each USDC is backed by an equivalent U.S. dollar.