Pegged Value: 1 USDC = 1 USD (in theory, always).

Issuer: Originally launched by Circle in collaboration with Coinbase, and governed by the Centre Consortium.

Blockchain Support: Available on multiple blockchains, including Ethereum (ERC-20), Solana, Avalanche, Polygon, and others.

Backing: USDC is backed 100% by reserves, which include cash and short-term U.S. Treasury bonds. Circle regularly publishes attestations by third-party auditors to verify the backing.

Use Cases:

Transferring money quickly and cheaply

Trading on crypto exchanges

DeFi (decentralized finance) applications

Payments and remittances

Hedging against crypto volatility