USD Coin (USDC) is a stablecoin pegged 1:1 to the U.S. dollar, designed to offer stability in the volatile crypto market. Issued by Circle and governed by Centre, USDC is backed by cash and short-term U.S. Treasuries, with reserves regularly audited. It's widely used for trading, remittances, DeFi, and payments due to its reliability and fast transactions. USDC operates on multiple blockchains, including Ethereum, Solana, and Polygon, enhancing its accessibility. As a regulated stablecoin with transparency and institutional trust, USDC bridges traditional finance and crypto, providing a secure digital dollar alternative for users worldwide seeking consistency and utility.
