$USDC USD Coin ($USDC) is a stablecoin pegged 1:1 to the U.S. dollar, issued by Circle in partnership with Coinbase. It is backed by cash and short-term U.S. Treasury assets, ensuring stability and transparency. USDC runs on multiple blockchains, including Ethereum, Solana, and Avalanche, making it widely used in DeFi, payments, and remittances.

Unlike algorithmic stablecoins, USDC is fully reserved, with audits conducted to verify backing. It serves as a bridge between traditional finance and crypto, offering fast transactions and minimal volatility. USDC is one of the most trusted stablecoins, competing with Tether ($USDT) in global crypto markets.