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USDC (USD Coin) is a dollar‑pegged stablecoin launched in 2018 by Circle in partnership with Coinbase . It maintains its peg through reserves backed primarily by U.S. Treasury bills and cash, verified via monthly attestations . As of early 2025, USDC soared to record market caps between $56–60 billion, marking strong growth across blockchains like Ethereum, Solana, XRP Ledger, and Base . It's widely used in DeFi (lending, liquidity provision) and corporate payments, with monthly trading volumes reaching over $200 billion—especially post Binance partnership . Recent U.S. stablecoin legislation (GENIUS Act) and Circle’s Nasdaq IPO have boosted USDC’s credibility and institutional appeal . Overall, USDC stands as one of the most trusted and heavily adopted stablecoins in the crypto economy.$USDC
