USD Coin (USDC) is a stablecoin pegged to the U.S. dollar (USD) on a 1:1 basis. It is issued by Circle, a financial technology company, in partnership with Coinbase. USDC is built on multiple blockchain networks, including Ethereum, Solana, Algorand, and others, allowing for fast and secure digital transactions. Its value remains stable as each USDC token is backed by reserves held in cash and short-term U.S. Treasury bonds. USDC is widely used for decentralized finance (DeFi), cross-border payments, and hedging against crypto market volatility. It offers transparency through regular audits and is regulated under U.S. financial laws, making it a trusted digital asset.