$USDC USD Coin (USDC) is a stablecoin pegged 1:1 to the U.S. dollar, designed to offer stability in the volatile crypto market. It’s issued by Circle and governed by the Centre consortium, which includes Coinbase. Each USDC is backed by cash or short-term U.S. government bonds held in regulated financial institutions. It’s widely used for trading, payments, remittances, and DeFi applications due to its transparency and auditability. USDC operates on multiple blockchains including Ethereum, Solana, and Polygon, allowing fast and low-cost transfers. Its reliability has made it one of the most trusted stablecoins in the crypto ecosystem.