$USDC

USD Coin (USDC) is a fully backed stablecoin pegged to the US dollar on a 1:1 basis. Launched in 2018 by Circle and Coinbase under the Centre Consortium, USDC is widely used for payments, trading, and decentralized finance (DeFi). Each USDC is backed by cash and short-term US government bonds, ensuring stability and transparency.

Regulated and audited, USDC is considered a reliable digital dollar alternative, enabling fast cross-border transactions with low fees. It operates on multiple blockchains, including Ethereum, Solana, and Avalanche, enhancing its accessibility. As of 2024, USDC is one of the largest stablecoins by market capitalization, playing a crucial role in the crypto ecosystem for individuals, businesses, and institutional investors