USDC, i.e. USD Coin, is a stablecoin that is pegged 1:1 to the dollar. This means that every USDC coin is equal to one dollar. This cryptocurrency was launched through the joint venture Centre Consortium of Circle and Coinbase. USDC can be used on blockchains such as Ethereum, Solana, and Algorand. It is used in trading, payments, and decentralized finance.