$USDC USDC (USD Coin) is a fully collateralized stablecoin pegged 1:1 to the US dollar. Launched in 2018 by the Centre Consortium (a partnership between Coinbase and Circle), it aims to provide a stable and transparent digital currency. For every USDC in circulation, an equivalent amount of US dollars or dollar-denominated assets are held in reserve by regulated financial institutions. These reserves are subject to regular audits to ensure transparency and maintain the peg.

USDC operates as an ERC-20 token on the Ethereum blockchain and is also available on several other blockchains like Solana, Avalanche, and TRON, enhancing its interoperability. Its stability makes it a popular choice for traders, DeFi protocols, and businesses seeking a less volatile cryptocurrency for transactions, lending, borrowing, and cross-border payments. USDC aims to bridge traditional finance and the crypto world by offering a reliable digital representation of the US dollar.