$USDC USDC, or USD Coin, is a fully backed stablecoin launched in 2018 by Circle in partnership with Coinbase through the Centre Consortium. It was created to provide a reliable digital dollar, combining the benefits of blockchain technology with the stability of the U.S. dollar. Each USDC is pegged 1:1 to a U.S. dollar and is backed by cash and short-term U.S. government securities held in regulated financial institutions. Built initially on Ethereum, USDC has since expanded to multiple blockchains, including Solana, Polygon, and Avalanche, enabling fast and low-cost transactions across the crypto ecosystem. USDC plays a crucial role in DeFi, cross-border payments, and on/off ramps between crypto and fiat. Unlike algorithmic stablecoins, USDC’s transparency and monthly attestations have built trust among users and institutions. As the demand for digital dollars grows, USDC continues to be a key player in making crypto more usable, stable, and accessible for everyone.