$USDC USD Coin (USDC) is a fully backed, regulated stablecoin pegged to the U.S. dollar on a 1:1 basis. Launched in 2018 by Circle and Coinbase through the Centre Consortium, USDC is designed to provide price stability in the volatile crypto market. Every USDC token is backed by an equivalent amount of U.S. dollar reserves, including cash and short-term U.S. Treasury bonds. It operates on multiple blockchains such as Ethereum, Solana, and Polygon, making it versatile for decentralized finance (DeFi), payments, and remittances. USDC is widely used for trading, lending, and as a stable store of value in the crypto ecosystem.