USDC (USD Coin) is a regulated, fully-backed stablecoin pegged 1:1 to the U.S. dollar. It is issued by Circle and governed by the Centre Consortium, which includes Circle and Coinbase. Each USDC token is backed by an equivalent amount of cash or short-term U.S. Treasuries held in regulated financial institutions, with reserves regularly audited for transparency.
USDC is widely used in decentralized finance (DeFi), trading, payments, and remittances. It offers fast, low-cost, and borderless transactions, combining the stability of the dollar with the flexibility of blockchain technology.