$USDC USDC (USD Coin) is a stablecoin jointly issued by institutions such as Circle and Coinbase, pegged to the US dollar, where 1 USDC is typically equivalent to 1 US dollar. It is based on blockchain technology and has advantages such as fast transfers and low costs, serving as a store of value and medium of exchange in cryptocurrency trading. The issuer of USDC supports it with strict reserve management, backed by assets such as cash and short-term government bonds, and undergoes regular audits to ensure transparency. It is widely used in cryptocurrency trading, payment settlements, decentralized finance (DeFi), and other fields, making it an important stable asset in the cryptocurrency ecosystem.