What is USDC?
USDC is a stablecoin — a type of cryptocurrency that is pegged 1:1 to the U.S. dollar. That means 1 USDC = 1 USD, and it’s designed to maintain this value consistently.
It was launched in 2018 by Circle in partnership with Coinbase, under the Centre Consortium.
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🏦 How Does USDC Work?
Each USDC token is backed by real-world assets — usually cash and short-term U.S. Treasury bonds. These reserves are regularly audited to ensure full backing.
USDC operates on multiple blockchains including:
Ethereum (ERC-20)
Polygon
Base
...and others, making it versatile and widely adopted in DeFi and CeFi.
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✅ Why Use USDC?
Stability: Useful during volatile crypto markets.
Transparency: Monthly reserve attestations from third-party firms.
Speed & Low Fees: Fast cross-border transfers with minimal cost.
DeFi-Friendly: Used in lending, staking, yield farming, and DEXs.
Fiat Gateway: Easily swappable for fiat on major exchanges.
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🔍 USDC vs USDT (Tether)
Feature USDC USDT
Issuer Circle Tether Limited
Audits Regular, public attestations Less transparent historically
Regulation U.S.-based, more compliant Offshore, looser oversight
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📰 Recent Highlight: #CircleIPO
Circle, the issuer of USDC, just completed a $1.05B IPO (June 2025), boosting visibility and investor confidence in USDC as a regulated stablecoin.$USDC
