$USDC

What is USDC (USD Coin)?

USDC is a stablecoin pegged 1:1 to the US Dollar, meaning 1 USDC is designed to always equal 1 USD. It was launched in 2018 by Circle in partnership with Coinbase, and it’s managed by the Centre Consortium.

USDC is built for transparency, stability, and compliance. It operates on multiple blockchains, including Ethereum, Solana, Polygon, Avalanche, and others, making it widely accessible across the crypto ecosystem.

Key Features:

• Fiat-Backed: Each USDC is backed by cash or short-term U.S. Treasury bonds held in U.S.-regulated financial institutions.

• Transparent: Circle provides monthly attestation reports from independent accounting firms to confirm reserves.

• Regulated: Issued by a licensed and regulated financial institution (Circle), making it a popular choice among institutions and exchanges.

• Widely Used: Common for trading, DeFi, payments, and remittances.

Use Cases:

• Stable value storage in crypto environments.

• Seamless trading on exchanges without fiat.

• Payments and settlements in global commerce.

• Participation in DeFi platforms while minimizing volatility risk.