$USDC USD Coin (USDC) is a fully-backed stablecoin pegged 1:1 to the U.S. dollar. It was launched in 2018 by Circle in partnership with Coinbase under the Centre consortium. USDC is designed to offer the stability of fiat currency with the efficiency of blockchain technology. It runs on multiple blockchains including Ethereum, Solana, and BNB Chain, making it versatile for payments, trading, and decentralized finance (DeFi). Each USDC token is backed by equivalent U.S. dollar reserves held in regulated financial institutions. Due to its transparency, stability, and compliance, USDC is widely used for remittances, trading pairs, and secure value storage in crypto.