$USDC USD Coin (USDC) is a type of stablecoin that is pegged to the U.S. dollar on a 1:1 basis. It is issued by regulated financial institutions and managed by the Centre consortium, which includes companies like Circle and Coinbase. USDC is widely used in the cryptocurrency ecosystem for trading, payments, and DeFi applications because of its stability and transparency. Each USDC token is backed by dollar reserves or equivalent assets, which are regularly audited.