$USDC **USD Coin (USDC)** is a stablecoin backed by US dollars at a 1:1 ratio, meaning that every USDC in circulation is backed by equivalent reserves in cash and U.S. Treasury bonds. Its goal is to provide stability within the crypto ecosystem, avoiding the volatility of other cryptocurrencies.

USDC is issued by **Circle**, a regulated company that publishes monthly reports on its reserves, ensuring transparency and trust. Additionally, it is widely used in payments, trading, and decentralized finance (DeFi) applications, as it allows for fast and low-cost transactions without relying on traditional banks.

Currently, USDC operates on multiple blockchains, including Ethereum, Solana, Polygon, and Avalanche, facilitating its integration into various platforms. Its adoption has grown significantly, especially among businesses and users seeking a stable alternative for moving money digitally.