$USDC Coin to Join PayFi Summit in New York on May 20

USD Coin (USDC) will be represented at the upcoming PayFi Summit in New York on May 20, hosted at Accelerate and organized by Huma Finance in partnership with the Solana Foundation. Nikhil Chandhok, Chief Product and Technology Officer at Circle, is scheduled to speak on the Circle Payments Network, highlighting USDC’s expanding role in the digital payments ecosystem.

About USD Coin (USDC)

USD Coin (USDC) is a fully backed, dollar-pegged stablecoin developed by Circle, designed to maintain a 1:1 value with the US dollar regardless of market conditions. It is currently the second-largest stablecoin by market capitalization, following Tether (USDT).

USDC’s reliability is underpinned by US dollar reserves held in regulated US financial institutions, with monthly attestation reports provided by accounting firm Grant Thornton. These verifications ensure transparency and trust in the asset’s full backing.

Widely adopted across leading blockchain networks—including Ethereum, Solana, Algorand, Stellar, and TRON—USDC is more than just a stable store of value. It powers a wide range of financial use cases, including:

Hedging against crypto market volatility

Enabling instant cross-border payments

Supporting peer-to-peer transfers

Providing seamless payment interoperability across chains

As $USDC continues to grow, its presence at the PayFi Summit underscores its pivotal role in shaping the future of digital payments and decentralized finance.