$USDC
$USDC (USD Coin) is a leading regulated stablecoin pegged 1:1 to the U.S. dollar. Issued by Circle and governed by the Centre Consortium (which includes Coinbase), USDC is fully backed by cash and short-term U.S. government bonds, with monthly attestation reports to ensure transparency. Unlike volatile cryptocurrencies, USDC maintains a stable value, making it ideal for trading, payments, remittances, and DeFi applications.
Built initially on Ethereum as an ERC-20 token, USDC is now available on multiple blockchains, including Solana, Avalanche, and Polygon, enabling fast, low-cost transactions. It offers global access to dollar-backed digital value without relying on traditional banks, helping power Web3 ecosystems, fintech apps, and cross-border payments.
USDC is favored for its compliance-first approach, audited reserves, and strong partnerships in the crypto and traditional finance sectors. As stablecoins gain prominence, USDC plays a key role in bridging fiat and digital finance securely and efficiently.