$USDC USDC (USD Coin) is a stable cryptocurrency (stablecoin) pegged to the US dollar at a 1:1 ratio. It was created to provide stability of value in the digital environment, combining the advantages of cryptocurrencies with the reliability of traditional currencies.

⸻

🔹 Key facts about USDC

• Issuer: Circle, which has been the sole operator of USDC since 2023 after the dissolution of the Centre consortium, a joint project with Coinbase.

• Backing: Each USDC token is fully backed by reserves in cash and short-term US government bonds, held in regulated financial institutions such as Bank of New York Mellon. The management of reserves is conducted by BlackRock.

• Transparency: Circle regularly publishes independent reports on the state of reserves, providing a high level of user trust.

• Blockchain platforms: USDC is available on various blockchains, including Ethereum (ERC-20), Solana, Polygon, Avalanche, and others. In 2024, support for USDC on the Tron blockchain was discontinued due to a risk review.

⸻

💰 Role of USDC in the financial system

• Usage: USDC is widely used for international transfers, cryptocurrency trading, DeFi protocols, and as a means of storing value.