$USDC Coin is a regulated stablecoin issued by Circle, designed to maintain a 1:1 peg with the U.S. dollar. Each USDC is backed by cash or short-term U.S. Treasury assets held in regulated financial institutions, ensuring transparency and stability .(Circle, Coinbase)

Launched in 2018, USDC operates across multiple blockchains, including Ethereum, Solana, and Avalanche, facilitating fast, low-cost global transactions. It's widely used in decentralized finance (DeFi), cross-border payments, and as a hedge against crypto volatility .(Coinbase)

Circle provides monthly attestations of USDC reserves, reinforcing trust among users. As of May 2025, USDC's market capitalization exceeds $60 billion, highlighting its significant role in the digital asset ecosystem .(CoinMarketCap)

With ongoing developments in stablecoin regulation, USDC continues to bridge traditional finance and the crypto economy, offering a stable digital dollar for diverse financial applications.