$USDC USDC (USD Coin) is a prominent stablecoin, a type of cryptocurrency designed to maintain a stable value, typically pegged 1:1 to a fiat currency like the US dollar. Issued by Circle, a regulated financial entity, USDC aims to bridge traditional finance with blockchain technology.

Its stability stems from being fully backed by high-quality reserves, primarily cash and short-dated US Treasuries, held in segregated accounts with regulated US financial institutions. Circle also conducts monthly attestations by a Big Four accounting firm, providing transparency about its reserves.

USDC operates on multiple blockchains, including Ethereum, Solana, and Avalanche, enabling fast, low-cost global transactions. It's widely used in decentralized finance (DeFi), for payments, and as a stable store of value in the volatile crypto market. Regulatory compliance is a key focus for Circle, as they actively engage with regulators and hold licenses in various jurisdictions, aiming to build trust and facilitate mainstream adoption.