USD Coin (USDC) is a stablecoin backed by the US dollar at a 1:1 ratio, meaning that each unit of USDC is backed by a dollar held in bank accounts or equivalent assets. It was launched in 2018 by Circle in collaboration with Coinbase, and it operates on multiple blockchain networks, such as Ethereum, Solana, and Polygon.

USDC is characterized by providing financial stability in the cryptocurrency market, making it a popular choice among traders and investors for use in transfers and digital payments. It is also widely used in decentralized finance (DeFi) and trading on centralized and decentralized platforms. Thanks to its transparency and regulatory compliance, USDC is considered one of the most reliable stablecoins.