**USD Coin (USDC)$

USD Coin (USDC) is a type of stablecoin—a cryptocurrency designed to maintain a stable value by being pegged 1:1 to the U.S. dollar. Launched in 2018 by Circle and Coinbase through the Centre Consortium, USDC operates on several blockchain platforms including Ethereum, Solana, and Avalanche. Each USDC token is backed by an equivalent amount of U.S. dollars held in reserve, ensuring transparency and stability.

USDC is widely used for trading, lending, payments, and storing value in the crypto ecosystem. It combines the benefit$BTC $ETH s of blockchain (like speed and low fees) with the reliability of fiat currency. Users can transfer USDC globally within minutes, making it ideal for cross-border transactions and decentralized finance (DeFi) applications.

Regular audits of USDC’s reserves are conducted by independent firms to maintain trust. Its strong regulatory compliance makes USDC one of the most trusted and widely used stablecoins in the digital economy.

Want a comparison with other stablecoins like USDT or DAI? $USDC