While Tether (USDT) is often accused of opacity, USDC positions itself as a "clean" and auditable stablecoin. It was created in 2018 by the Centre consortium, which includes Circle and Coinbase, and quickly gained the trust of major players.
The main goal of USDC is to provide a stable, regulated alternative to the US dollar on the blockchain. One USDC should always be backed by 1 real dollar (or its equivalent) in reserves held in bank accounts and short-term US government bonds.
Transparency, audit, and stability
Unlike USDT, Circle publishes monthly asset reports verified by independent auditors. This has made USDC popular among funds, institutions, and DeFi protocols.
Features:
-Fully backed reserves
-Support for regulatory-compliant practices
-Fixed exchange rate of 1:1 to the dollar
USDC operates on Ethereum, Solana, Avalanche, Polygon, Arbitrum, and other networks — it is one of the most multi-chain stablecoins.
Interesting fact: USDC goes beyond crypto
Circle is actively working on integrating USDC into real business. There are already use cases:
Spotify and Netflix are considering subscription payments in USDC in certain regions
Payment gateways allow the use of USDC for B2B settlements
Circle has obtained licenses in Europe and the USA and collaborates with Mastercard and Visa
USDC is not just a stablecoin, but an attempt to build a digital dollar that is approved and understandable to traditional finance. It acts as a bridge between the blockchain world and the old economy — with a focus on transparency and trust.
