#USDC USDC (USD Coin) is a stablecoin backed 1:1 by US dollars or equivalent assets, created by Centre (a partnership between Circle and Coinbase). Its goal is to maintain a stable value of 1 USDC ≈ 1 USD, functioning as a digital version of the dollar for fast and borderless transfers within the crypto ecosystem.

Key points in the crypto market:

1. Stability and backing

Each USDC is backed by audited reserves (cash and U.S. Treasury bonds), with public monthly reports.

This provides confidence to users and institutions, although there is always a risk associated with the custodian and regulations.