$USDC USDC, or USD Coin, is a stablecoin pegged 1:1 to the US dollar, aiming to provide a stable digital currency for the crypto ecosystem. Launched in September 2018 by the Centre Consortium (co-founded by Circle and Coinbase), USDC distinguishes itself through its commitment to transparency and regulatory compliance. Each USDC is backed by reserves held in regulated financial institutions, with monthly attestations ensuring its dollar peg.

USDC facilitates faster and cheaper transactions compared to traditional banking, making it useful for trading, DeFi applications, and cross-border payments. Its stability offers a safe haven during volatile market conditions, attracting both new and experienced crypto users. Supported across multiple blockchains, USDC enhances interoperability within the decentralized finance space. While considered a safer stablecoin due to its backing and audits, users should still be aware of potential risks associated with the broader crypto market and the platforms they use.