$USDC — is a centralized stablecoin, a cryptocurrency pegged to the US dollar at a 1:1 ratio. Each USDC token is backed by real reserves in dollars or equivalent assets, which are held in regulated financial institutions in the USA.

USDC is issued and managed by the Centre consortium, founded by Circle and Coinbase. The process of creating tokens occurs by depositing dollars into the issuer's account, after which an equivalent amount of USDC is issued, and during the reverse exchange, the tokens are burned and the dollar is returned to the users.