$USDC announced USDC on May 15, 2018,[6] and it was subsequently launched in September of the same year by Centre, a consortium formed through a joint venture between Circle and Coinbase.[9]

On March 29, 2021, Visa announced its support for USDC, enabling the cryptocurrency to be used for selling transactions within its payment network.[10]

In July 2022, Circle reported that the circulation of USDC had reached $55 billion.[11]