$USDC USDC (USD Coin) is a stablecoin jointly issued by the American fintech company Circle and the cryptocurrency exchange Coinbase in 2018, managed and operated by the joint organization Centre Consortium. Its core features include:

1. 1:1 Dollar Peg: Reserves are held by Bank of New York Mellon, regularly audited to ensure transparency and compliance.

2. Compliance Advantages: Circle holds payment licenses in multiple U.S. states, and USDC is incorporated into the Nasdaq system, becoming a bridge between mainstream finance and the crypto ecosystem.

3. Market Position: The second largest stablecoin globally, with a market cap exceeding $60 billion, widely used in DeFi, cross-border payments, and other fields.

In June 2025, Circle successfully listed on the New York Stock Exchange (stock code CRCL), with a valuation of $6.8 billion, marking a key breakthrough in the compliance process for stablecoins.