$USDC USD Coin is a stable cryptocurrency pegged to the US dollar, launched on September 26, 2018, as a result of a collaboration between Circle and Coinbase. USDC is an alternative to other USD-backed cryptocurrencies, such as Tether (USDT) or TrueUSD (TUSD).

In short, USD Coin is a service for tokenizing the US dollar and facilitating its use on the internet and public blockchains. Additionally, USDC tokens can be exchanged back into USD at any time. The issuance and redemption of USDC tokens are secured by the ERC-20 smart contract.