United States Dollar Coin (USDC)
USDC is the second largest stablecoin, with a market value exceeding $58 billion. Issued by Circle, USDC emphasizes transparency and regulatory compliance. Its reserves are held in cash and short-term U.S. government bonds, with weekly attestations published to verify these reserves.
When was the first stablecoin USDC issued by Circle? Circle launched USDC in September 2018 in collaboration with Coinbase as part of the Centre Consortium. It was created as a transparent alternative in the stablecoin market at a time when concerns about Tether's reserves were increasing. Since its launch, USDC has evolved to become one of the most reliable and widely used stablecoins in the ecosystem.
USDC has gained significant popularity in North America and is widely used in decentralized finance (DeFi) applications due to its expected stability and transparency.
