$USDC $USDC (USD Coin) is a fully-backed stablecoin issued by Circle (in partnership with Coinbase) that is pegged 1:1 to the US dollar. It's widely used for payments, DeFi, and trading.

Key Facts About USDC:

Peg: 1 USDC = 1 USD (backed by cash and short-term U.S. Treasury securities)

Blockchain Support: Available on Ethereum, Solana, Avalanche, Base, Polygon, Arbitrum, and others

Transparency: Regular attestations from independent accounting firms

Regulation: Issued by a U.S.-based company and operates under U.S. financial oversight

Why Use USDC?

Trustworthy: Backed by regulated financial institutions

Fast & Cheap Transfers: Especially on Layer 2 networks or chains like Solana

Widely Accepted: Used by major platforms, apps, and protocols

**Programmable