$USDC

USD Coin was launched in September 2018 and is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain. 

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currency. It was founded in October 2013 by Jeremy Allaire and Sean Neville. USDC is issued by a private entity and should not be confused with a central bank digital currency (CBDC). The majority of USDC's stablecoin collateral is held in short-term U.S. government securities. USDC is fully transparent and audited, and its reserves are held in the management and custody of leading U.S. financial institutions, including BlackRock and BNY Mellon.

USDC has received significant investments from major players in the financial industry, including BlackRock, Fidelity Management and Research, Marshall Wace, and Fin Capital. In April 2022, Circle announced a $400 million funding round, which included investments from BlackRock, Fidelity, Marshall Wace, and Fin Capital.