$USDC USD Coin (USDC) is a stablecoin, a cryptocurrency designed to maintain a stable value, typically pegged 1:1 to the US dollar. Created by Circle and initially co-founded with Coinbase under the Centre consortium, USDC is backed by reserves of US dollars and highly liquid US Treasury bonds, held in regulated financial institutions.

This backing ensures transparency and stability, with regular attestations verifying reserves. USDC facilitates fast, low-cost global transactions, making it valuable for cross-border payments and remittances. It's also a cornerstone of Decentralized Finance (DeFi), widely used for lending, borrowing, and liquidity provision. Its stability and regulatory compliance have made USDC a popular choice for traders and institutions seeking to navigate the volatile crypto market.