$USDC USD Coin (USDC) is a type of cryptocurrency known as a stablecoin, meaning its value is pegged to the U.S. dollar at a 1:1 ratio. It was launched by Circle and Coinbase through the Centre Consortium in 2018. USDC is backed by fully reserved assets, held in regulated U.S. financial institutions, and undergoes regular audits for transparency. As a digital dollar, USDC enables fast, global transactions on blockchain networks such as Ethereum, Solana, and others. It is widely used in decentralized finance (DeFi), remittances, and as a stable store of value in volatile markets. USDC combines the benefits of blockchain technology with the stability of traditional currency.