$USDC is a fully-backed stablecoin pegged 1:1 to the U.S. dollar. Issued by Circle in partnership with Coinbase through the Centre Consortium, USDC is widely used for payments, trading, and decentralized finance (DeFi). Every USDC token is backed by cash or short-term U.S. Treasury bonds held in regulated financial institutions, ensuring transparency and stability. Regular audits are conducted to verify its reserves. Operating on multiple blockchains such as Ethereum, Solana, and Avalanche, USDC offers fast, low-cost, and borderless transactions. It’s trusted by institutions and individuals alike for its compliance and liquidity, making it a key asset in digital finance.