$USDC USD Coin (USDC) is a stablecoin pegged to the U.S. dollar, aiming for a 1:1 value ratio. Launched in 2018 by Circle and Coinbase, it’s built on Ethereum and other blockchains, ensuring stability for transactions, trading, and DeFi applications. USDC is backed by reserves of cash and cash equivalents, audited monthly for transparency. Its market cap exceeds $30 billion, making it one of the largest stablecoins. Widely used for remittances, payments, and as a hedge against crypto volatility, USDC integrates with major exchanges and wallets. Its regulatory compliance enhances trust, though centralization raises concerns for some crypto purists