#StablecoinSurge USD Coin (USDC) is a stablecoin cryptocurrency that is pegged to the value of the United States dollar. Developed by Circle and Coinbase, USDC is designed to provide a stable and secure store of value, as well as a medium of exchange for decentralized finance (DeFi) applications. USDC is backed by a reserve of assets, including US dollars and US Treasury bonds, ensuring that each token is redeemable for $1. With a market capitalization of billions, USDC has become one of the most widely used stablecoins in the cryptocurrency market.