$USDC USD Coin (USDC) is a stablecoin pegged to the U.S. dollar, meaning 1 USDC is intended to always equal 1 USD. It was launched in 2018 by Circle in partnership with Coinbase, and it operates on multiple blockchains, including Ethereum, Solana, and Avalanche. USDC is backed by fully reserved assets—mainly cash and short-term U.S. Treasury securities—and undergoes regular audits to ensure transparency.

The main purpose of USDC is to offer price stability in the volatile crypto market, making it useful for trading, saving, and transferring money globally with low fees and high speed. It's widely used in DeFi (Decentralized Finance) for lending, borrowing, and yield farming, as well as on exchanges as a stable base currency.

Unlike cryptocurrencies like Bitcoin, USDC isn’t designed for value growth but for maintaining a consistent value. It's regulated under U.S. financial laws and is considered one of the safest and most transparent stablecoins. As stablecoins grow in importance, USDC continues to play a vital role in bridging traditional finance and blockchain technology, enabling faster and more accessible digital transactions.