$USDC USD Coin (USDC) is a type of stablecoin, a digital currency pegged to the U.S. dollar on a 1:1 basis. It was launched in 2018 by Circle and Coinbase through the Centre Consortium. Each USDC token is backed by equivalent reserves in cash or short-term U.S. Treasury securities, ensuring stability and trust. USDC is widely used for trading, payments, and decentralized finance (DeFi) applications. It operates on multiple blockchains including Ethereum, Solana, and Polygon. Its transparency, regular audits, and regulatory compliance make it a popular choice for users seeking a stable digital asset in the volatile cryptocurrency market.