$USDC
USD Coin (USDC) is a fully backed, fiat-collateralized stablecoin pegged 1:1 to the U.S. dollar. Developed by Centre, a consortium founded by Circle and Coinbase, USDC was launched in 2018 as a regulated and transparent alternative to traditional cryptocurrencies. Its value is maintained by holding an equivalent amount of U.S. dollars or high-quality dollar-denominated assets in reserve, which are regularly audited by independent accounting firms.
USDC operates on multiple blockchain networks, including Ethereum, Solana, Avalanche, and Polygon, enabling fast, low-cost, and programmable payments across decentralized finance (DeFi) platforms, exchanges, and wallets. It has become a core asset in crypto markets due to its liquidity, trustworthiness, and integration with major financial institutions.
USDC plays a key role in bridging traditional finance and blockchain technology, allowing users to transact globally with the stability of the dollar while leveraging the efficiency of digital assets. Unlike algorithmic stablecoins, USDC's design prioritizes transparency and regulatory compliance, making it a preferred choice for businesses, developers, and everyday users in the Web3 space.
