$USDC USD Coin $USDC is a stable cryptocurrency (stablecoin) backed by the US dollar, issued by companies like Circle and Coinbase. Each $USDC is equivalent to 1 USD, and its value is backed by cash reserves or equivalent assets. It operates on various blockchains such as Ethereum, Solana, and Polygon, allowing for fast and low-cost transfers. It is widely used in payments, decentralized finance (DeFi), and as a safe haven against the volatility of other cryptocurrencies. Additionally, it is regularly audited to ensure its backing. Its stability and transparency make it a reliable option within the crypto ecosystem.